Gautam Adani-led Adani Enterprises is expecting to commission the first phase of its solar power equipment facility being set up in Gujarat by year-end, a senior company official said.
“The first phase of the project in which we are manufacturing solar modules and solar photo-voltaic cells is expected to get commissioned by the end of 2016,” the company’s Chief Executive, Solar Manufacturing, Samir Vora told reporters here Tuesday.
In the first phase, the company, which has set up a special purpose vehicle (SPV) Mundra Solar PV for the project, is setting up 1,200 MW of manufacturing capacity and will invest Rs 2,000 crore.
“Our plan is to set up the country’s largest vertically integrated manufacturing facility to support solar power ecosystem of India and create an end-to-end solar power play from manufacturing to generation,” he said.
In the second phase, Vora said, the company will not only enhance the capacity to 2,000 MW but also manufacture other components like silicon wafers, PV back sheets among others.
The second phase of the project is likely to go operational in the second quarter (April-June) of 2017.
“This facility will vertically integrate all aspects of solar panel production on site, including polysilicon refining, ingots, wafers, cells, PV back sheets and panels production, with a broader ecosystem involving extended supply chain for raw materials and consumables,” he said.
Vora further said over a period, the company may also consider exporting the products to markets like the USA and Europe.
“There is a good demand for these products in the domestic as well as international markets. Once we have sufficient capacities, we will consider exporting them to markets like the USA and Europe,” he added.
At present, the company has a constructed solar power generation capacity of 648 MW in Tamil Nadu and plans to increase it to 10000 MW by 2022.