Energy

India targets lofty climate goals with $6 billion deal to boost solar

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India’s Adani Green Energy Limited (AGEL) has won a major contract which will see the firm develop 8 gigawatts (GW) of solar power over the next few years, as authorities in the country look to ramp up capacity to meet ambitious renewable energy targets.

Announced on Tuesday, the $6 billion manufacturing-linked agreement between AGEL and the Solar Energy Corporation of India (SECI) will see AGEL set up 2 GW of what it described as “solar cell and module manufacturing capacity.”  

Under the agreement AGEL, which is part of the larger Adani Group, will develop 2 GW of solar capacity by the year 2022, with the other 6 GW coming online in 2 GW chunks….



Source cnbc.com

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