Adani Group, a global infrastructure player, has set a target of 10,000 mega watts (MW) of solar power by 2022 and has signed a joint venture agreement with the government of Rajasthan to set up a 10,000 MW solar park, which will emerge as the largest such integrated facility in India. The JV will be known as Adani Renewable Energy Park Rajasthan, will have a 50-50 equity partnership between the Rajasthan government and Adani Renewable Energy Park, a subsidiary of Adani Enterprises.
The proposed park is expected to attract investments over Rs 60,000 crore and it will include generation projects and a massive manufacturing unit for solar module, parts and equipment. Adani itself plans to generate 5,000 MW in this solar park. The proposed park will create huge direct & indirect employment opportunity.
Adani Enterprises is the country’s largest coal importer-turned-domestic private mine developer-cum-operator (MDO). The company is truly a diversified asset backed commodities trader, sourcing, producing, marketing and transporting them across the globe.
