Adani Green Energy Limited (AGEL) has clinched the impressive position of the second-largest global solar PV developer, as revealed in Mercom Capital Group’s highly anticipated Annual Global Report.
According to the report, AGEL’s exceptional performance and substantial contributions to the renewable energy landscape have propelled it to the prestigious second rank among the world’s leading solar PV developers. With an awe-inspiring total solar capacity of 18.1 gigawatts (GW), spanning operational, under-construction, and awarded (PPA-contracted) projects, AGEL solidifies its significant standing in the global solar energy sector. The top spot in the ranking was secured by France-based TotalEnergies, boasting a total capacity of 41.3 GW.
Gautam Adani, Chairman of the Adani Group, expressed his enthusiasm about the remarkable achievement, stating, “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 $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 decarbonization.”
The report by Mercom Capital Group, a reputable clean energy communications and research firm, outlines the top ten leading global large-scale solar PV developers based on data compiled from July 2022 to June 2023. The data includes projects with a capacity exceeding 1 MW, encompassing operational capacity, projects under construction, and projects with awarded Power Purchase Agreements (PPA).
AGEL’s ascent to the second position underscores not only its commitment to sustainable energy solutions but also its rapid growth and influence on a global scale. The company’s dedication to innovation and the development of an extensive renewable energy portfolio has positioned it as a key player in the international effort to combat climate change.
