Introduction

Gautam Adani, the billionaire and the esteemed founder of the Adani Group, aims to build 100 GW of integrated solar manufacturing units by 2027. This will offer the conglomerate complete control over the energy transition business. Adani Solar currently has a solar manufacturing capacity of 4 GW, which it plans to expand in due course. This will not only expand the horizons of the Adani Group but will also benefit society at large. Gautam Adani has already confirmed the order booking of 3000 megawatts in exports that will surface within the next 12-15 months.

Why expand the solar manufacturing capacity?

India has already increased its solar energy generation from 2.63 GW in 2014 to 71.10 GW in 2023. This paves the path for a gradual shift towards renewable sources of energy. However, the solar manufacturing unit was not as developed as it should be to support the heavy demand for solar energy, and we had to rely heavily on import facilities for manufacturing supplies. So, to end this gap permanently, Adani Group has developed this new initiative. This project will make India one of the world's largest solar manufacturing units. We will no longer depend on other nations to import manufacturing units. Adani Solar has already acquired over 394 million USD for these projects. The funds were mainly raised from Barclays PLC and Deutsche Banks AG using a trade finance facility.

What made Gautam Adani take up this initiative?

Driven by the immense success of Adani Green Energy Limited (AGEL), Adani Solar made it an ambition to increase its solar manufacturing unit by 2027. The project was started in 2016 with a 1.2 GW cell and module manufacturing capacity. However, today, Adani Solar is one of the premium names in the world in solar manufacturing. Within less than six years, it has enhanced its manufacturing capacity to about threefold. Today, it is one of the fastest-growing solar manufacturing companies on a global scale. It has built the largest solar PV capacity for cells and modules at the SEZ in Mundra, a village in the interiors of Gujarat. The company has also sold over 7 GW of modules in the Indian and global markets. Adani Solar has also earned the recognition of being among the top three solar module suppliers in 2022. This is a huge achievement for our nation and takes us one step ahead in our journey towards making earth a better place to live.

How has the project impacted the lives of millions of Indians?

Gautam Adani has identified the need for a country to have its solar manufacturing unit. This not only triggers the use of renewable sources but also gives India an excellent position in this fast-changing business landscape. So, Adani Solar is geared to build its first fully integrated solar manufacturing ecosystem of 10 GW. This manufacturing unit is set in Mundra, Gujarat. It is going to be the world's largest solar manufacturing sector. It will also open up thousands of job opportunities. The facility will also house metallurgical-grade silicon and modules, including ancillaries and supporting utilities. The experts at Adani Solar have been in the energy sector for a while now, offering them the desired expertise to execute this project on a large scale. With its successful implementation, India will set a benchmark for itself in the global solar manufacturing hub.

The involvement of technology in the solar manufacturing unit expansion:

Adani Solar is using highly advanced technology to expand its solar manufacturing unit. Gautam Adani is a strong believer in digital transformation. He believes that technology can trigger the pace at which our country progresses on a global scale. Adani Solar has also made alliances with global names like UNSW, ISC, PI Berlin, Fraunhofer, etc., to strengthen its technical backbone. Although solar energy is one of India's most frequently used forms of energy, accounting for half of India's renewable energy capacity, the solar manufacturing unit has never reached the benchmark. This is mainly because of high import taxes and a lack of desired infrastructure. However, because of this extraordinary initiative by the members of the Adani Group and the extensive use of various forms of technology at every phase of the project implementation process, this gap is soon expected to be mitigated.

Conclusion:

The dream of the billionaire, Gautam Adani, to build 100 GW of integrated solar manufacturing units by 2027 is an exemplary one. It has the potential to revolutionize India’s renewable energy landscape completely. Although there is still a long way to go, this mission signifies a step towards a more sustainable planet.