Adani Enterprises Ltd, Rajasthan Government inks MoU to develop 10,000 MW solar parks

Adani Enterprises Limited (AEL) and Rajasthan Government have signed a memorandum of understanding (MoU) for developing solar parks in state with a capacity of 10,000 MW.
In this regard, both AEL and state owned Rajasthan Renewable Energy Corporation Limited (RRECL) have agreed to form a joint venture (JV) to develop these solar parks in state within next ten years. Of these, solar parks of 5,000 MW capacity will be developed in the next five years.
JV of both companies will set up the solar parks, which will include generation projects and a manufacturing unit for solar module, parts and equipment.
Once set up, these solar parks will include solar power projects and manufacturing unit for solar module, parts and equipment in Rajasthan.
After completion, these solar park will produce clean & green energy of approximately 16,644 million units, furthering India’s goals for clean, renewable energy independence and reduce carbon footprint by approximately 16.2 MT.

Month: Current Affairs - February, 2015