Adani may partner SunEdison for solar manufacturing

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Billionaire Gautam Adani speaks during an interview with Reuters at his office in Ahmedabad April 2, 2014. REUTERS/Amit Dave/Files

Adani Green Energy Ltd is scouting for a technical partner for the third phase of solar project in the country. Three companies are in consideration including SunEdision, the other two being Hong Kong-based Golden Concord Holdings (GCL) and Texas-headquartered OCI Solar Power. This was recently disclosed by Jayant Parimal, CEO, Adani Green Energy to Economic Times.

Adani has committed $2 billion for integrated solar manufacturing and the company plans to build a factory to produce not only solar cells and modules, but also wafers and polysilicon. Adani Green Energy has already started work on the first phase of the project which involves the construction of a cell and module manufacturing facility with a capacity of 1.2 GW. In the second phase, it will expand that capacity to 2 GW and begin wafer production.

In the third phase the company has to start polysilicon production and for this they will need a technical partner. At present, India practically has no manufacturers of polysilicon or polysilicon wafers, just 14 manufacturers of solar cells producing 1,212 MW of cells annually and 81 makers of solar modules who produce a total of 5,620 MW per year.

By Atanu Kumar Das