21 Oct 2023
Plans to build 10 GW Fully Integrated and Comprehensive solar manufacturing ecosystem.
The current geo-political landscape underscores the need for Nations to be energy secure. Today, global economies are focused on diversifying their supply chains beyond China, and India has emerged as a credible option. Today, India is well on the path to reduce its import dependance and play a critical role in the global solar supply chain.
Adani Solar’s growth trajectory
Adani Solar commenced manufacturing in 2016, with 1.2 GW cell and module manufacturing capacity. In less than 6 years, Adani Solar enhanced its manufacturing capacity to more than three-fold to 4 GW cell and module, making it one of the fastest-growing (in terms of capacity expansion) solar manufacturing companies. Since inception, Adani Solar has sold over 7 GW of Modules catering to both Indian & global demand and has been rated amongst the top 3 solar module suppliers in 2022 by few research houses. Adani Solar is now building the world’s first fully integrated and comprehensive solar manufacturing ecosystem of 10 GW in Mundra, Gujarat. It will be the group’s largest manufacturing set-up and is expected to create over 13,000 green jobs. The facility will play host to the entire solar manufacturing ecosystem from metallurgical grade Silicon to PV modules, including ancillaries and supporting utilities all geographically co-located. With deep backward integration across the valuechain for module, cells, ingots, wafers, polysilicon, and ancillaries- EVA, Backsheet, glass, aluminium frames, junction box and tracker, Adani Solar will boost India’s position as the global solar manufacturing hub. In pursuit of building a robust domestic ecosystem, reducing imports, enabling India’s energy transition and making India the global manufacturing hub, Adani group has committed significant investments.
Adani Solar: Key highlights
1. Adani Solar is facilitating the switch to sustainable solar power solutions at an economical rate for residential consumers, commercial and industrial (C&I) establishments, and the PM-KUSUM segments. Largest market share in rooftop and PM-KUSUM segment
2. Adani Solar has rapidly expanded its retail presence across the nation to more than 3,500 towns for the distribution of solar panels in India.
3. The only domestic solar player with a pilot line of ingot-wafer (first-of-its-kind in India)
4. The proposed manufacturing facility of ingotwafer is a strategic move to strengthen the supply chain for competitive cell manufacturing.
5. Maintaining a robust order book, both in domestic and international markets, due to which the asset utilization of the company has been at the fullest. a. Largest solar panel exporter from India. b. Largest single year order for solar modules ever in the country of over USD 600 million.
6. Only Indian solar panel manufacturer to be ranked as “Top performer” for 6 years in a row by PVEL (a leading independent test lab for the downstream solar and energy storage industry)
Technology-led growth:
Since inception Adani Solar has continued to lead the domestic solar PV industry in terms of both scale & technology. It has been the early adopter of new technologies and has been at the forefront of implementing digital transformation. The company’s alliances with leading global institutes and certification laboratories like ISC, UNSW, PI Berlin, Fraunhofer, PVEL etc., has helped in strengthening its technology prowess.
• Focus on high efficiency future technologies – TOPCon
• Amongst the first few in the country to produce high-efficiency Bifacial & MonoPERC modules of M10 and G12 footprint with Power class of 535-660W, with a module efficiency of 21- 22% and targeting Bifaciality of 75%.
• First in the country to set up a TOPCON line of 2 GW.
• The first and now the largest producer of bifacial cells in India.
• First to introduce 158.75 Solar cell & module manufacturing
• Established state-of-the-art research and development (R&D) facilities.
• Comprehensive Ecosystem approach - Ensuring the manufacture of critical components including EVA, back-sheet and Aluminium frames, effective substitution of imports.
• First & only manufacturing setup of a 2 GW Ingot and Wafer capacities in India. Adani Solar’s growth is characterized by scale, speed, and sustainable profitability. The journey of Adani Solar reflects the coming of age of the Indian solar manufacturing sector.
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