Adani Green Takes Second Place in the World’s Largest Solar Developer Ranking

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Gautam Adani, Chairman of Adani Group, said on Twitter, “We are delighted to see our recent ranking by Mercom Capital, securing the second spot globally among solar PV developers on a large scale.”

Delhi, New: According to a study by the clean energy research and communication company Mercom Capital, Adani Green Energy is regarded as the world’s top solar developer on a major scale. According to a press release from Mercom Capital, the report’s data covers the months of July 2022 through June 2023. Developers with projects in at least two countries were taken into consideration for the ranking, which was established based on predetermined criteria.

Gautam Adani, the chairman of Adani Green Energy, expressed his happiness at the recognition and stressed the importance of coming in second place among solar PV developers globally. The report highlights projects in at least two countries and provides insight into the company’s accomplishments and position in the global renewable energy landscape.

The report from Mercom Capital attests to Adani Green Energy’s commitment to sustainable and clean energy practices. The company’s significant worldwide contributions to the solar energy industry are reflected in the ranking, which bolsters its standing as one of the top developers.

One important criterion is to include projects with recognized Power Purchase Agreements (PPAs), initiatives that are currently underway, and projects based on operational capacity. A focus on projects with a capacity of one megawatt or more was indicated by Mercom Capital.

Considering operational, under-construction, and recognized (PPA-contracted) projects, TotalEnergies in France emerged as the world’s leading solar PV (Photovoltaic System) developer with a total capacity of 41.3 gigawatts.

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With 18.1 gigawatts, Adani Green Energy takes second place, ahead of Canada’s Brookfield Renewable Partners with 18 gigawatts.”

The ranking table presents the Top 10 Global Solar PV Developers based on recognized (PPA-contracted), operational, and under-construction projects.

‘We are pleased with Mercom Capital’s recent ranking, placing us second among the world’s major solar PV developers on a global scale,’ said Gautam Adani, Chairman of Adani Group, in a post acknowledging the ranking. This acknowledgement highlights our dedication to being a frontrunner in the quickly developing field of renewable energy, as we work toward our audacious target of 45 gigawatts of renewable energy capacity by 2030.

Three of the leading solar developers in North America, one in South Asia, and six in Europe were headquartered. According to Mercom Capital, the majority of the top developer’s project portfolio was situated in North America, with the Asia-Pacific area coming in second.”

With 29.3 gigawatts of projects, TotalEnergies led in both recognized (PPA-contracted) and under-construction capacities. With 13.6 gigawatts, Brookfield Renewable Partners was the second-biggest participant, behind Adani Green Energy’s 11.1 gigawatts.

Several new businesses with international project portfolios, mostly run by European developers, are featured in this year’s report. According to Raj Prabhu, CEO of Mercom Capital Group, many of the leaders on the list actively support the transition to solar and other renewable energy sources.

Adani Green Energy Limited (AGEL) has increased its footprint in 12 states over the last 25 years by taking advantage of its long-term PPA basis with federal and state government agencies. With a portfolio of 54 operational and 12 under-construction projects, the company emphasizes its commitment to leading India on its renewable energy journey while embracing the newest technologies in its projects.”

Group Chairman Gautam Adani stated in a post on X that the project will produce 30 gigawatts of power, which is enough to power over 20 million homes.

Gautam Adani green Shares Photos of the Biggest Green Park Project, Visible from Space

Adani green
View of the solar power plant on a green field. Electric farm with panels for producing clean ecologic energy.

Ahmedabad: The Adani Group is building the largest green energy park in the world, spanning an enormous 726 square kilometers, in Gujarat’s Kutch desert. Group Chairman Gautam Adani said in a post on X that the project will produce 30 gigawatts of power, enough to power over 20 million homes.

Proud to be building the largest green energy park in the world and contributing significantly to India’s significant advancements in renewable energy. Visible from space, this iconic project spans 726 square kilometers in the difficult terrain of the Kutch desert. Our goal is to produce 30 gigawatts of electricity, which would be enough to power over 20 million homes,” Gautam Adani stated in the post.

Furthermore, we are building one of the largest and most integrated solar and wind energy manufacturing ecosystems in the world, only 150 km away at our workplace in Mundra. This marks a critical turning point in India’s transition to sustainable energy and demonstrates our dedication to solar alliances and an independent India.

The project is a lasting testament to India’s ability to produce green energy and demonstrates our commitment to self-sufficient and sustainable energy in India. The post included some photos that the Group Chairman had shared, giving readers a peek of the massive project that was currently underway.

Through this project, the Adani Group hopes to increase India’s capacity for producing green energy and is in line with the promises made during the COP26 summit, particularly the bold five-part ‘Panchamrit’ pledge. By 2030, this commitment seeks to reduce emissions by one billion tons, attain 500 gigawatts of non-fossil electricity capacity, and produce half of all energy needs from renewable sources.

In order to support the international climate action goals, India also intends to step up the reduction of emissions from domestic production by up to 45% and eventually reach net-zero emissions by 2070.