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India Takes Giant Leap In Solar Development

India’s onward march to boost its renewable energy capacity and build domestic capacity for making solar equipment got fresh impetus when Adani Green Energy Ltd won a bid to make 8 GW of photovoltaic solar power projects over the next five years.

 

India imports about 90% of its solar equipment today, so this development could serve to lessen that import dependence.

 

Adani Green Energy Ltd, a part of the diversified Adani Group, is expected to invest about U.S. $6 billion in the project, and create 400,000 direct and indirect jobs, it said in a stock market filing, according to India Climate Dialogue.

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