The Adani Group has set a target of 10,000 mega watts (MW) of solar power by 2022 and signed a joint venture agreement with the Rajasthan Government to set up a 10,000 MW solar park. The proposed solar park will be the largest such integrated facility in India.
According to reports, the joint venture, which will be known as Adani Renewable Energy Park Rajasthan Ltd., will have a 50-50 equity partnership between the state government and Adani Renewable Energy Park Ltd, a subsidiary of Adani Enterprises Ltd.
The proposed park, which is expected to attract investments worth over Rs. 60,000 crore, will include generation projects and a massive manufacturing unit for solar module, parts and equipment. Adani itself plans to generate 5,000 MW in this solar park. The proposed park will create both direct and indirect employment opportunities.