Adani Expands Big Time To Australia

India’s Adani To Start Construction Of 2 PV Projects With Combined Capacity of Up To 400 MW in Australia In 2017
04:50 AM (Beijing Time) - 22. November 2016
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India’s Adani Group is expanding its solar business to Australia, after already having secured a large share in its home market. Recently, it commissioned the country’s largest single location solar power plant in Tamil Nadu. (photo credit: Adani Group)

Key Takeaways

  • Adani Group of India planning to start construction of two solar power projects in Australia next year
  • Land agreements for both the projects of 100 to 200 MW each have been signed and design and tendering phases have also commenced
  • The Indian company, which is currently in the final stages of setting up a cell factory at home, plans to develop 1,500 MW of renewable energy capacity in Australia in the next five years

India’s Adani Group has announced that it plans to start construction of two solar power projects in Australia in 2017. Both the projects will have an capacity of 100 to 200 MW each. The company is looking at developing renewable energy projects of 1,500 MW capacity in the next five years in Australia.

The company has already secured land agreements for these two solar power projects that will come up in South Australia and Queensland. It has also ‘commenced the design and tendering phases for both projects’.

Adani is one of the biggest solar power players in India. In September 2016, the Indian company commissioned a 648 MW solar power plant in Tamil Nadu state of India. It is stated to be one of the world’s largest solar power plant at a single location (see India’s Largest Solar Power Plant). The current solar power capacity of Adani in India is 793 MW, with another 1,225 MW under construction or at an advanced stage of development. Adani is also moving into cell manufacturing, planning to set up a 1200 MW factory in India by the end of the year.

Australia has been already having a high priority on the group’s investment list. Adani has plans to invest $16.5 billion in the Carmichael coal mine in Queensland, as well as rail and port facilities. Jeyakumar Janakaraj, head of the Adani’s Australia operations, said, “Coupled with the company’s $3.3 billion dollars of investment to date across its mine, rail and port projects in Queensland, Adani’s plans to pursue solar investment opportunities reflect the confidence the company has in the Australian market. This reflects both Adani’s commitment as a diversified energy and infrastructure company in India and a leading solar generator in that market, and the company’s plans to build a long-term future with Australia.”

Australia has set renewable energy target for 20% of its power to come from large scale renewable energy by 2020. While the market has been dominated by residential solar systems in the past, an increasing number of commercial and utility-scale PV plants are being planned.

 

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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