Adani’s EPC arm to add 2 GW cell and module capacity
Adani Solar, the EPC arm and the solar PV manufacturing unit of Adani Group, is assessing a 2 GW cell and module development at its manufacturing plant in Mundra, Gujarat. With a cumulative capacity of 3.5 GW of high-efficiency cells and modules, Adani Solar is the country’s biggest integrated module and solar cell manufacturer with a capacity of 1.5 GW. The new capacity is anticipated to come online by 2021.
The capacity addition can partly fulfil a domestic demand that is poised to reach 10-12 GW in 2021. Presently, Indian firms hold 3 GW of cell and about 9-10 GW of module production capacity. Today, a majority of the solar modules used in numerous projects are imported from China.
Adani says the large-capacity, single-location plant will also equip them with supply chain benefits, further improving their competitiveness and cost efficiency and help them achieve price congruity with Chinese manufacturers. Without quantifying the intended investment, the group says 70% of its energy-related capex will be used on renewables and they will be installing the world’s largest portfolio of renewable energy in the upcoming years.
Post-expansion, the company is planning for a direct hiring of about 5,000 people and indirect employment of about 70,000 people in India. The plant will also encourage development in the country's supplier ecosystem and give assistance to various players across the value chain.