12.2.15

India's largest Solar Park

In what could give a major boost to the solar power generation not only to Rajasthan but to the entire country , Adani Enterprises Ltd (AEL), the flagship company of Adani Group has signed a memorandum of understanding (MoU) with the government of Rajasthan to set up a 10,000 MW solar power park. This will be India's largest solar park.
According to the agreement, billionaire Gautam Adani-controlled AEL and Rajasthan Renewable Energy Corporation Ltd (RREC) will form a joint venture to set up the solar park, which will include generation projects and a manufacturing unit for solar module, parts and equipment.
Although Adani Group did not provide the investment figure for the project, considering the average cost of Rs.7 crore for per MW solar power generation depending on location and other factors involved, the investment in the proposed solar park could be around Rs.70,000 crore.
Last month, AEL signed an MoU with US-based SunEdison Inc to jointly invest $4 billion in setting up India's largest integrated solar photovoltaic making plant in Mundra, Gujarat.

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