Adani Group, India’s biggest solar developer is set to start building two large-scale solar PV plants with capacities of 100-200MW in Australia this coming year, according to a filing at the Bombay Stock Exchange.
The large Indian conglomerate is through with land agreements and has begun designing the solar projects, and is also busy with the tendering process of the two plants in Queensland and South Australia.
The company hopes to become Australia’s biggest solar developer through these two major projects. And considering its success in India, we can say, why not? Anything is possible.
Certainly, this is good news to Australia’s large scale PV industry, which has really dragged in taking off after prolonged uncertainty around policies. The sector got a further boost in September after 12 projects with a total of 482MW (ac) received funding in Australia’s revolutionary utility scale solar support round.
While Adani aims to achieve 1.5GW of renewables in the Land Under over a period of five years, the company also plans to pump US$16.5 billion in the highly debated Carmichael coal mine located in Queensland’s Galilee Basin, besides the port and rail projects. Adani Group owns various solar and wind plants and coal-fired electricity across the globe.
Jeyakumar Janakaraj, Adani’s head of operations in Australia said, “Coupled with the company’s US$3.3 billion dollars of investment to date across its mine, rail and port projects in Queensland, Adani’s plans to pursue solar investment opportunities reflect the confidence the company has in the Australian market,”
Currently, Adani’s Indian solar pipeline is at 793MW, having initiated one of the world’s biggest solar power plants in Tamil Nadu with a capacity of 648MW. At present, its pipeline boasts 1,225MW and is poised to complete another 1.2GW cell and module plant in India.
