Adani Green secures contract to build 8 GW solar projects

Adani Green Energy Limited has secured a contract from SECI to build solar power plants in India with a cumulative capacity of 8 GW. The project is expected to entail an investment of $6 billion. The first 2 GW of generation capacity of the company will come onstream by 2022 and the remaining will be added by 2025 in intervals of 2 GW per annum.

As part of the contract, the Adani Group also plans to build a solar cell and module production facility of 2 GW by 2022. With this win, Adani Green will have 15 GW capacity under operation, construction or under contract. The company targets achieving an installed generation capacity of 25 GW of renewable power by 2025 at an investment of ₹1.12 trillion, or $15 billion, in the renewable energy space in the next five years.

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