Adani Green Ranked World's Second-Largest Solar PV Developer

Adani Green Energy Ltd. is now the world's second-largest solar photovoltaic cell developer, according to fresh rankings. 

It is the only solar PV developer from Asia ranked in the Mercom Capital Group's latest annual global report, according to a company statement.

The report covers developers with 1 MW projects encompassing operational capacity, projects under construction and the ones with awarded power purchase agreement. 

The report attributed Adani Green’s "outstanding performance and contribution to the renewable energy landscape" for getting the second rank, the statement said. The company has a total solar capacity of 18.1 GW encompassing operational, under-construction, and awarded projects, behind 41.3 GW of France-based TotalEnergies.

"We are committed to largescale renewables, developing an indigenous fully integrated manufacturing ecosystem and green hydrogen solutions," Gautam Adani, chairman, Adani Group, said in a statement.

At the Adani portfolio level, planned investment of $75 billion by 2030 on 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", he said.