Published on January 28th, 2019 | by Saurabh0
India’s Adani Plans World’s Largest Solar-Wind Hybrid Park
January 28th, 2019 by Saurabh
One of India’s leading renewable energy power generation companies, Adani Green Energy, has announced plans to set up the world’s largest solar-wind hybrid park in the country’s western state of Gujarat.
According to media reports, Adani Green Energy has announced plans to expand the Khavda solar-wind farm into the world’s largest hybrid park over the next five years. The announcement was made at the Vibrant Gujarat Investor Summit. Investment for the hybrid park will be part of the Rs 55,000 crore ($7.7 billion) investment announced by the Adani Group in the state over the next five years.
Apart from the planned expansion of the hybrid park, Adani will also invest in the expansion of solar photovoltaic production capacity, setting up a one million ton copper smelting and refining project, and a cement and clinker manufacturing unit.
Adani Green Energy is believed to be already working on setting up large-scale solar and wind energy projects at the Khavda hybrid park. According to government reports, the company has asked for access to the transmission network to feed power from 1.5 gigawatts of wind and 750 megawatts of solar power capacity to be commissioned at Khavda. These project may not be part of any recent auctions conducted by the state or central government.
It may be the case that Adani Group owns land at Khavda and plans to set up projects secured in auctions conducted by state and central governments. Adani remains a major participant in solar power auctions across the country. Since February 2017, when wind energy auctions were first introduced in India, Adani Green Energy has secured rights to develop 1,025 megawatts of capacity.
Adani has signed similar investment agreements with the neighboring state of Rajasthan, which is rich in solar power resources. In 2015, the company entered an agreement with the government of Rajasthan to set up 10 gigawatts of solar power capacity across the state. The Adani Renewable Energy Park Rajasthan is a joint venture between the Government of Rajasthan and Adani Group.
As per the agreement, 10 gigawatts of solar power capacity shall be installed in Jodhpur and Jaisalmer districts. The first phase would see the installation of 2 gigawatts of capacity. An auction of 500 megawatts of capacity in the first phase is already complete.