In one of world’s largest solar contract from Solar Energy Corporation of India (SECI), Adani Green Energy Limited (AGEL) has won the bid to develop solar photovoltaic (PV) power projects of 8 GW along with setting up a solar cell and module manufacturing capacity of 2 GW.

This contract, the largest in the world in a single bid, will entail a total investment of approximately $6 billion (INR 452 billion).

Notably, AGEL had submitted its bid for 4 GW of solar projects and 1 GW of manufacturing component, followed by Azure and Navyug, which submitted bids for 2 GW of projects each.

AGEL already operates Kamuthi Solar Power Project in the state of Tamil Nadu, which is one of the largest solar photovoltaic plants in the world.

“With this win, AGEL will now have 15 GW capacity under operation, construction or under contract thereby accelerating its journey towards becoming the world’s largest renewables company by 2025. This award will take the Company closer to its target of achieving an installed generation capacity of 25 GW of renewable power by 2025 which in turn will see it committing an investment of ₹112,000 crores ($15 billion) in the renewable energy space over the next 5 years,” said a company statement.

According to Mercom India Solar Project Tracker, AGEL has approximately 2.4 GW of large-scale solar projects in operation and over 10 GW under the development pipeline.

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