Indian infrastructure giant Adani is to develop solar power plants in Australia totalling up to 400 MW in capacity, it has said.
In a stock exchange filing, Adani said that it would start building two 100-200 MW solar photovoltaic (PV) farms in 2017. It is planning to build around 1500 MW of renewable energy capacity in Australia.
The firm says that the two PV plans will be located in South Australia and Queensland and that it has already finalised land agreements. It has started designing the projects and is working on tendering documents.
“Coupled with the company’s $3.3 billion dollars 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,” said Adani’s head of Australian operations, Jeyakumar Janakaraj.