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Adani Green Energy Ltd has won the first of its kind for manufacturing linked solar agreement from the Solar Energy Corporation of India (SECI). As a part of the award, Adani Green Energy Limited will develop 8 GW of solar projects along with a commitment that will see Adani Solar establish 2 GW of additional solar cell and module manufacturing capacity. The Company said in a Press release today.

This award, the largest of its type will entail a single investment of Rs 45,000 crore and will create 400,000 direct and indirect jobs. It will also displace 900 million tonnes of carbon dioxide over its lifetime, it said. Based on the award agreement, the 8 GW of solar development projects will be implemented over the next five years. The first 2 GW of generation capacity will come by 2022 and the subsequent 6 GW capacity will be added in 2 GW annual increments through 2025.

This award will take the company closer to its target of achieving an installed generation capacity of 25 GW of renewable power by 2025 which in turn will see it committing an investment of Rs 112,000 crore in the renewable energy space over the next 5 years.