Adani Solar achieves solar module production of 1 GW in FY 19-20

Home grown solar module manufacturer and EPC player -Adani Solar has announced that it has achieved module production of 1 GW in FY 19-20.

Gautam Adani, Chairman, Adani Group took on social media platform to announce the achievement and congratulate the team.

He said “Solar manufacturing is not just one of the sunshine sectors at @AdaniOnline but a key driver of our sustainability goals. Today I am delighted to share that @AdaniSolar has achieved module production of 1 GW in FY 19-20. Heartiest congratulations to the team.”

Adani Solar recently installed and commissioned 80 KW rooftop in Power Grid Corporation of India Limited in Vapi, Gujarat.

French energy major Total is looking to invest $510 million to acquire a 50 per cent stake in Adani’s solar business, thereby giving a push to its renewable energy portfolio.

As part of the deal, a joint venture company will house 2,148 MW of operating solar projects which are now 100 per cent owned by Adani Green Energy Ltd (AGEL). The balance 50 per cent stake in the JV will be held by AGEL.

The solar portfolio is spread across 11 States in India. This development follows a deal in October wherein Total acquired a 37.4 per cent stake in Adani Gas for ₹5,700 crore.