Some firms braved the headwinds and stepped on the gas, others played it safe; green energy turned a bright spot
Adani Solar on Wednesday said it has begun manufacturing of large sized monocrystalline silicon ingots in India. The monocrystalline ingots will drive indigenisation to produce renewable electricity from silicon-based PV (photovoltaic) modules with efficiencies ranging from 21 per cent to 24 per cent, the company said in a statement. "We are delighted to become India's first manufacturer of large sized monocrystalline silicon ingots capable of producing M10 & G12 wafers. While the company's initial production has already begun, it intends to add 2 GW of ingot and wafer capacity by the end of 2023," Puneet Gupta, CTO of Adani Solar, said. Adani Solar is the solar photovoltaic manufacturing and research arm of the Adani Group.
Facility supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation
In Q2, integrated resource management, saw revenue growing over three times to Rs 30,435 crore YoY
JSW, Adani commit to spend over Rs 1 trn each in Karnataka over 5-7 years
The group has earmarked 70 per cent of its new investments for energy transition space and infrastructure. "We are already the world's largest solar player, and we intend to do far more
Undeterred by the absence of policy or supply chain, conglomerates, and RE companies are investing heavily in this new fuel.
Increased expenses, loss in comprehensive other income hit company's profits
In the absence of a settled policy towards the sector, the domestic renewal energy sector remains where it has been for the past 15 years
According to Adani Green, this is the company's first operational portfolio acquisition
The Court sought Rajasthan government's stand on a petition by local farmers challenging the allocation of nearly 990 hectares of agricultural land to the private business house
The first 2 GW of generation capacity will start by 2022, with the rest installed in 2-GW annual increments through 2025, Adani said
With a marketshare of 10 per cent and expected growth, the company was sure to capture 50 per cent marketshare in another two years, Augustine said