Matches China’s Energy Vision

Matches China’s Energy Vision
  • The Adani-SundEdison manufacturing unit proposed at Mundra, Gujarat will create 4,500 direct jobs and over 15,000 indirect jobs.
  • Pashupathy Gopalan, President Asia-Pacific Region, SunEdison, told that the two partners had identified a site within the Mundra SEZ (special economic zone), run by the Adani Group, for the project.
  • He said they had inked only an MoU and the finer aspects of the capital formation would be worked out in the next two-to-three months.
  • He said Mundra SEZ was the ideal location for the project, considering the availability of port infrastructure and also access to power in that area.
  • Mr. Gopalan said the proposed project could yet be the biggest such facility in the world, and could more than rival the Chinese manufacturers.
  • Ahmad Chatila, President and Chief Executive Officer of SunEdison said: This facility will create ultra-low cost solar panels that will enable us to produce electricity cost-effectively so that it can compete head-to-head — unsubsidised and without incentives — with fossil fuels.
  • Vineet S Jain, Chief Executive Officer of Adani Power Limited, a subsidiary of Adani Enterprises Ltd opined: The development of the largest integrated solar manufacturing facility furthers the vision of Prime Minister Narendra Modi’s ‘Make-in-India’ campaign.
  • India has an ambitious vision of building 100 GW of solar power by 2020 and that vision is exactly the same China has for its solar industry by 2020.
  • Hence a strong local solar manufacturing base is of strategic importance to the growth of this sector.
  • Indian domestic PV manufacturing industry essentially comprises of two segments of players — manufacturers of cells & complete modules and producers who import cells and only make modules.
  • The total capacity of these two put together is less than 2,000 MW.
  • The domestic solar manufacturing industry does not have the scale nor the access to a fully developed domestic supply chain.
  • Domestic PV manufacturing industry was essentially set up to cater to highly subsidised solar tariff markets in the EU.
  • Establishment of an integrated manufacturing unit by a world’s leading firm like SunEdison will be a significant chapter in the Indian solar map.