Adani to complete 1.2-GW solar module factory by end-2016 - report
Solar panels in India. Author: Kiran Jonnalagadda. License: Creative Commons
Indian infrastructure company Adani Enterprises Ltd (BOM:512599) expects to commission a 1.2-GW solar cell and module factory in the state of Gujarat by the end of the year.
The company’s CEO for solar manufacturing, Samir Vora, shared this with reporters on Tuesday, as cited by the Press Trust of India.
This will be the first phase of a project to build a vertically integrated manufacturing facility. The second phase envisages expanding the plant’s production capacity to 2 GW and, at the same time, setting up lines for the manufacture of other components such as silicon wafers and photovoltaic (PV) back sheets. The expansion is seen to be completed in the second quarter of the calendar 2017.
According to Vora, in the future Adani may opt for exporting the equipment produced at the factory to the US and Europe.
The first phase of the project is estimated to cost INR 20 billion (USD 298m/EUR 267m).