After years of debate, the Indian government made domestic manufacturing a central feature of renewables policy in 2021. The pivot came as the government sought economic growth and self-sufficiency following a border conflict with China. Vinay Rustagi, managing director of Bridge to India, says that trade barriers, subsidies, lower taxes, and demand growth have created the perfect recipe for expansion.
Adani Solar has started producing large monocrystalline silicon ingots for M10 and G12 wafers. It is targeting 2 GW of ingot and wafer capacity by the end of 2023 and 10 GW by 2025.
Adani Solar revealed a monocrystalline silicon ingot this week at the Intersolar India 2022 expo. It produced the ingot at its Mundra facility in the Indian state of Gujarat.
Indian renewable energy developer Adani Green had an operational capacity of 5.4 GW – including 4.76 GW of solar and 647 MW of wind – as of Sept. 30.
Adani Green Energy has completed the acquisition of 5 GW of solar and wind assets from SB Energy India for $3.5 billion, marking the largest renewables M&A deal in the country. The acquisition swells Adani’s operational capacity by 46%.
The renewables-powered sustainable hydrogen announcements have come as a group of international researchers made controversial claims about the potential of gas-fired blue hydrogen to be part of the climate change solution.
An energy transition investment report published this week has also revealed the former world record low price for solar power announced by the Al Dhafra project in Abu Dhabi last year, has fallen even lower since.
The Indian developer has secured the revolving fund from 12 international banks. It will use the amount to initially finance its 1.69 GW hybrid portfolio of solar and wind projects to be set up in the Indian state of Rajasthan.
French oil and gas giant Total already owns a stake in developer Adani Green Energy’s 2.3 GW of operational solar assets in India through a joint venture.
Polycrystalline PV technology, which is seeing its market share tumble on the global stage, still dominates India’s small solar manufacturing base and is emblematic of the R&D shortfalls in the sector, according to a survey of the state of the industry.
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