Markets & Policy

Adani raises $394 million for 10 GW fully integrated solar fab

Adani New Industries Ltd. (ANIL) has raised $394 million from Barclays and Deutsche Bank to support the working capital requirements of its integrated solar module manufacturing facility.
Uma Gupta
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Uma Gupta
Image: Adani Solar

From pv magazine India

ANIL, a unit of Adani Enterprises Ltd., says that it has raised $394 million of trade financing from Barclays and Deutsche Bank. The funds will support the working capital requirements of its integrated solar module manufacturing facility. 

ANIL is building one of the largest integrated green hydrogen ecosystems, spanning supply chain products manufacturing, green hydrogen generation, and downstream products (ammonia and urea). 

Aiming for end-to-end supply chain control, it will manufacture key components and materials for renewables projects, including polysilicon, ingots, wafers, PV cells and modules, wind turbine generators, electrolyzers, and ancillary items.

pv magazine print edition

In the latest, “In Conversation” issue of pv magazine we talk to a range of people about their experience with solar, from a sailor and a pair of overland adventurers to a mountain climber and more besides. We also focus on Africa to consider why a continent with such vast solar resource still lags more developed economies when it comes to widespread PV and energy storage rollout.

In solar, ANIL says it plans full backward integration, from silicon to modules. 

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