One of India’s leading solar power project developers – Adani Power – is looking to enter the nascent solar power market of Bangladesh.
Adani Power’s Chief Executive Officer for renewable energy told media outlets that his company is keen to develop solar power projects in Bangladesh; the idea, however, is still in the conceptual stage. If Adani indeed decides to enter the Bangladesh market it shall have an early mover advantage as utility-scale solar market in the country is practically non-existent.
Adani Green Energy operates the largest solar power project in India. The company commissioned 648 MW solar power project few months back in the southern state of Tamil Nadu.
Adani Enterprises, the parent company of Adani Green Energy, is looking to set up end-to-end solutions in the solar power market.
Adani Enterprises recently stated that it plans to begin the construction of phase one of the planned 2 GW solar equipment manufacturing factory this year. The first phase is expected to be operationalised by March 2017 and will have production capacity of 1.2 GW; a second phase is expected to be operational by June 2017 increasing the production capacity to 2 GW. The planned facility will produce polysilicon, wafers, solar cells and modules.
In-house manufacturing of solar power modules would enable the company to expand its solar power generation activities outside of India. Recently, the company announced plans to set up 1 GW solar power capacity in Australia where it operates a large coal mining project.