/ Adani Seeks Top Spot In Australia As Solar Energy Generator ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 21 November 2016

The largest generator of solar energy in India, Adani Group, has taken its first steps towards replicating that ranking in Australia.

Adani announced that it proposes to commence construction of two major solar projects in Australia next year, each with an output of 100-200 MW.

Land agreements are in place for the projects in South Australia and Queensland and Adani has commenced the design and tendering phases for both projects. Adani aims to develop renewable energy projects in Australia with a total capacity of 1,500 MW within the next five years.

Adani has constructed approximately 793 MW of solar plant in India to date, including one of the world’s largest solar plants at Tamil Nadu in southern India which has a capacity of 648 MW. Adani has a pipeline of a further 1,225 MW in construction or late development phase in India.

Generation of solar energy is part of Adani’s global strategic balanced approach to power generation with its fleet of coal-fired, solar and wind plants supporting the energy policies of the nations in which Adani operates.

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