The Adani Group is primed to embark on a groundbreaking initiative by spearheading the establishment of the world’s largest renewable energy manufacturing hub in Mundra, Gujarat. With plans to host an extensive array of production units for diverse components crucial to green energy generation facilities, Adani’s ambitious project is set to revolutionize the renewable energy landscape.
Aiming for unparalleled integration, the conglomerate envisions a holistic ecosystem that encompasses the manufacturing of polysilicon, ingots, wafers, cells, solar modules, and even wind turbines. This monumental undertaking, as outlined by senior officials from Adani Solar, signifies the development of an all-encompassing infrastructure that facilitates efficient and cost-effective production processes.
What sets this venture apart is the strategic co-location of ancillary production units within the same premises. The group’s comprehensive strategy includes the manufacturing of glass, ethylene vinyl acetate (EVA) films, backsheet, and aluminum frames, essential components used in the fabrication of solar panels. This vertical and horizontal integration approach is a pioneering step towards streamlining production logistics and optimizing resource utilization.
Mundra in Gujarat a strategic location for the integrated solar manufacturing hub – Adani Group Official
Rahul Bhutiani, head of sales and marketing at Adani Solar, emphasized the strategic advantages of this integrated approach. With significant emphasis on minimizing transportation costs and leveraging proximity to necessary resources, the project is poised to enhance operational efficiency. Factors such as proximity to the Mundra power plant for electricity supply, the Mundra port for convenient shipping logistics, and internal synergies within the Adani Group contribute to the project’s strategic viability.
Notably, the co-location of manufacturing units and the adjacent port not only ensures streamlined domestic distribution but also facilitates seamless global exports. The Adani Group, with its current installed capacity of 4 GW of solar modules and a plan to expand to 10 GW each by 2027, aims to solidify its position as a key player in the global renewable energy market.
With a projected capex requirement exceeding Rs 20,000 crore, the Adani Group intends to phase the capital expenditure, with plans to seek financial support from institutions like REC and PFC for the debt portion. Promoter funding and internal accruals will supplement the equity component, ensuring the project’s sustainable financial foundation.
Furthermore, the Adani Group’s foray into wind turbine manufacturing underscores its commitment to a comprehensive renewable energy portfolio. The expansion to 5 GW capacity, exclusively dedicated to the upcoming 20 GW hybrid renewable energy park in Gujarat’s Khavda desert, signifies Adani’s holistic approach to sustainable energy solutions.
According to a financial media online report, as part of this overarching vision, Adani Solar and Adani Wind will soon be integrated into the newly established Adani New Industries Ltd. (ANIL), reinforcing the Group’s commitment to pioneering sustainable and cost-effective renewable energy solutions across the value chain. With these strategic moves, the Adani Group is poised to redefine Gujarat’s renewable energy sector and contribute significantly to the global green energy revolution.