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Adani Green Energy Becomes World’s Second Largest Solar Photovoltaic Developer

The most recent annual global report from Mercom Capital Group ranks leading renewable energy solutions provider Adani Green Energy Limited as the second-largest global solar photovoltaic (PV) developer.

The report states that the Adani Group company is ranked second globally among the top solar photovoltaic developers due to its exceptional performance and contribution to the renewable energy landscape.

With 18.1 GW of total solar capacity across awarded (PPA-contracted), under-construction, and operational projects, Adani Green Energy firmly establishes itself in the world of solar energy.

TotalEnergies, based in France, topped the list with a total capacity of 41.3 GW, according to the report.

Chairman of the Adani Group Gautam Adani declared, “We are committed to large-scale renewables, developing an indigenous fully integrated manufacturing ecosystem and green hydrogen solutions.”

“At the Adani portfolio level, a total investment of USD 75 billion (by 2030) on our energy transition initiatives will further our vision to have 45 GW renewable energy capacity by 2030 and strengthen the pivotal role played by AGEL in India’s glide path to decarbonisation,” stated the group’s chairman.

Based on information gathered between July 2022 and June 2023, Mercom Capital Group, a respectable clean energy communications and research company, has released a report listing the top ten global large-scale solar PV developers.

The data encompassed operational capacity, projects in construction, and projects with awarded Power Purchase Agreements (PPAs) for projects with a capacity greater than 1 MW.

During the reporting period, the top 10 developers were responsible for 145 GW of operational, under-construction, and awarded (PPA-contracted) solar projects.

Of this, 49.5 GW of projects were in operation, 29.1 MW were in the process of being built, and 66.2 GW were in the pipeline (contracts with PPAs).

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