Adani Green likely to partner with global major SunEdison for $2 billion solar foray: Report

Adani Green Energy

Adani Green Energy is, reportedly considering partnering with global major SunEdison for its $2 billion foray into integrated solar manufacturing.

The company has considered to collaboration despite SunEdison’s recent troubles. Jayant Parimal, CEO, Adani Green Energy speaking to ET said “we are also looking at two other companies, Golden Concord Holdings ( GCL ) and OCI Solar. We are yet to take a decision.”

The renewable energy arm of the Adani Group is presently assessing the technologies offered by the manufacturers cum technology providers, once it zeroes in on one of them, the firm will bring in the company in as a JV partner.”

To handle the project the company has created special purpose vehicle, Mundra Solar PV Ltd. The manufacturing plant of is said to be the first of its kind in the country.

Currently India has 14 manufacturers of solar cells; however there are no manufacturers of polysilicon or polysilicon wafers, all of which is imported.

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