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Polysilicon

China’s East Hope Partners India’s Adani For Solar Equipment Manufacturing

China’s East Hope Partners India’s Adani For Solar Equipment Manufacturing

written by saurabh

One of China’s largest industrial groups East Hope has announced partnership with Indian conglomerate Adani to set up solar equipment manufacturing units in India’s western state of Gujarat.

Representatives of the two companies recently signed a memorandum of understanding at the Indian Consulate in Shanghai. As per the agreement, East Hope would invest a total of $300 million to develop various facilities include solar equipment manufacturing, chemicals, and aluminium.

The Adani Group has reportedly already set up the largest solar modules and cell manufacturing facility to manufacture solar modules and cells. According to a disclosure made to the Ministry of New & Renewable Energy earlier this year,

Mundra Solar, part of the the Adani Group, has commissioned 1,200 megawatts of solar cell and 1,200 megawatts of solar module production line. As on 31 December 2016, the production lines are ready but actual production is yet to begin.

Adani’s solar equipment manufacturing venture had first attracted SunEdison. The two companies had agreed to invest $4 billion in the production facilities which were to become the largest in India. However, the agreement became null following bankruptcy of SunEdison.

Adani was supposed to initiate production at the Mundra Solar facilities by March this year, however, it is unclear if the company has actually started manufacturing any cells or modules.

East Hope Group would possibly bring to the table what SunEdison lacked in terms of manufacturing and production expertise. The company already operates silicon smelters and would aid Adani in its manufacturing plans.

Adani plans to set up a manufacturing facility to produce 1000 MWp/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 third phase of of Adani’s manufacturing plan would include polysilicon production upto 10,000 tonnes.

Adani has extensive plans for expansion in the Indian solar power market. A group subsidiary already operates the largest solar power project in India and regularly participates in auctions for solar power projects across the country. Having a Chinese partner may also smoothen Adani’s entry into the Chinese market which is significantly larger than the Indian one.



June 23, 2017 0 comment
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India’s Adani Enterprises Wins Approval For 3 GW Solar Modules Factory

India’s Adani Enterprises Wins Approval For 3 GW Solar Modules Factory

written by saurabh

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.



April 21, 2016 0 comment
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