With an aim to become one of the largest private sector power generation companies in India, Adani Enterprises is speeding ahead with plans to manufacture solar power modules.
According to media reports, Adani Enterprises, which controls Adani Power and Adani Green Energy, recently submitted an application with the Ministry of Environment and Forest for approval to set up 1 million tonne/year copper smelter.
While the company did not specify the purpose of setting up the venture, media outlets quotes unnamed sources saying that the copper smelter would feed into the company’s solar module manufacturing units.
Adani Enterprises had signed an agreement with SunEdison last year to set up $4 billion solar modules manufacturing unit in India. The facility would have been the largest of its kind in the country. Following financial troubles of SunEdison, Adani is reportedly looking for new partners but remains firm on its plans.
The company has extensive plans to set up module and related equipment manufacturing units taking advantage of the incentives provided by the government under the ‘Make In India’ program. The company plans to set up a manufacturing facility to produce 1000MWp/yr of Silicon Ingots/ wafers, Silicon Solar Cells, Modules along with 3000 MWp support manufacturing facilities that includes EVA, Back-sheet, Glass, Junction box and Solar cell and string interconnect ribbon in 3 phases.
The company had pledged to set up solar power capacity of 6 GW over the next few years and has won several utility-scale power projects through competitive auctions. The company recently commission part of the largest solar power project developed by one company in India. The company commissioned 360 MW capacity of the 648 MW planned solar power park in the southern state of Tamil Nadu.