Resource detail

Adani Green Energy Ltd has bagged a manufacturing-linked solar contract from SECI (Solar Energy Corporation of India) to develop 8 GW of projects. The transaction is valued at Rs 45,000 crore, or $6 billion, according to a stock exchange filing. As part of the order, Adani Solar will establish 2 GW of additional solar cell and module manufacturing capacity. 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 Rs 1.12 trillion, or $15 billion, in the renewable energy space in the next five years.