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Adani ranked the world’s largest solar power generation owner

Adani ranked the world’s largest solar power generation owner

Adani ranked the world’s largest solar power generation owner

2 September 2020

Adani ranked the world’s largest solar power generation owner

Mercom Capital Group, a clean energy communications and research firm has named Adani Green Energy Limited (AGEL) as the world’s largest solar power generation owner based on operational, under construction and awarded projects.

Adani Mining CEO David Boshoff said with total capacity of 12.3 GW, Adani’s rapid expansion into the renewable energy sector will help to displace 1.4 billion tonnes of carbon dioxide over the life of its assets.

“We have always said that both coal and renewables are needed to provide a reliable and affordable energy mix in order to meet current and future global energy demand,” Mr Boshoff said.

“As renewable technology improves there is no doubt that it will supply more energy, however this will take significant time as thermal power stations won’t be retired until they reach the end of their lives which is decades away. That is why we are committed to both coal and renewables.

“In Australia we’re walking our talk. Last year we officially opened our Rugby Run solar farm near Moranbah in central Queensland, using Adani’s international expertise as a leading solar company.

“This latest ranking by Mercom Capital found Adani is roughly 70 percent larger than the next-largest solar power generation company and that our renewable energy portfolio exceeds the total capacity installed by the entire United States solar industry in 2019.”

The Mercom Report also found AGEL achieved top spot globally for the largest ever solar offtake award of 8GW by the Solar Energy Corporation of India (SECI), as well as the number one spot for the build of the largest solar-wind hybrid park in the world of 1.69 GW.

AGEL established its first solar project in 2015 and as recently as 2017 had completed just two solar projects. It accelerated its investment in solar in 2018 to reach its current milestone and has released a target of reaching 25 GW of renewable power by 2025.

(ENDS)

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On November 5th, Adani Mining officially changed it’s name to Bravus Mining and Resources. This media release was issued prior to this change.