Adani to start construction of solar projects in 2017

Adani Enterprises has announced the construction of two major solar projects in Australia next year, each with an output of 100-200MW.

One of the projects, which will be located in central Queensland near Moranbah, will cost more than $200 million and create between 600-1000 jobs.

The second project is located in South Australia. Land agreements are in place for the projects, and Adani has commenced the design and tendering phases for both projects.

“The largest generator of solar energy in India, the Adani Group has taken its first steps towards replicating that ranking in Australia,” Adani Enterprises said in a filing to BSE.

Adani aims to develop renewable energy projects in Australia with a total capacity of 1,500 MW within the next five years.

The company’s head of Australian operations Jeyakumar Janakaraj said the projects will offer a solid foundation to Adani’s renewable energy business in Australia and will contribute to meeting Australia’s renewable energy target commitments.

“Coupled with the company’s $3.3 billion of investment to date across its mine, rail and port projects in Queensland, Adani’s plans to pursue solar investment opportunities reflect the confidence the company has in the Australian market,” Mr Janakaraj said.

“This reflects both Adani’s commitment as a diversified energy and infrastructure company in India and a leading solar generator in that market, and the company’s plans to build a long-term future with Australia.”

Construction is expected to begin in 2017.