Adani Enterprises recently won an initial approval to set up solar modules manufacturing facility in the western Indian state of Gujarat.
According to recent media reports, Adani Enterprises is planning to set up manufacturing facility to produce polysilicon, wafers, solar cells and modules. The company had last year signed an agreement with SunEdison to set up the largest solar module manufacturing facility in India. The two companies had agreed to invest $4 billion on the project.
SunEdison subsequently exited the project following failed negotiations. Adani Enterprises entered negotiations with Foxconn with no progress reported. The company is now reportedly going solo with the manufacturing facility which is expected to require an investment of $2 billion.
Work on the first phase of the facility is expected to start soon and with operations expected to start this year itself. The first phase will see annual production capacity of 1,200 MW cells and modules coming online. Production capacity will be increased to 3,000 MW per year after completion of the second phase. The facility will add polysilicon production upto 10,000 tonnes following the completion of third phase.
Modules manufactured at the facility are likely to be absorbed in the company’s own projects and may be sold to other developers in the country and even sold to other markets. Adani Enterprises signed an agreement with the government of Rajasthan to set up 10 GW solar power park. The company is reportedly in talks with SunEdison to buyout the latter’s solar power projects, operational and planned.
Adani Enterprises has participated and won projects in several solar power auctions and is expected to continue to do so in the future. As a result, ample capacity is expected to be available to absorb the modules manufactured at the facility.