none

ADANI DELAYS RENEWABLES INVESTMENT

25-05-2017
by 
in 

Amidst the news of new protests against Adani, and an 'indefinite delay' on a decision about its Carmichael coal mine project, Adani has announced a delay in its Indian based solar manufacturing. 

Adani Green Energy is manufacturing polysilicon, a crucial component of solar panels. Despite being fully invested and planning to continue production in the future, an anonymous source has told the Economic Times that uncertainty over government investment is causing delays. 

For over a year, the government “has been saying it will come out with a scheme for PSUs to buy locally made capacity for their solar projects, but nothing has been done. There is no clarity on policy,” said the source.

“The second phase of Adani Green’s solar manufacturing programme has been put on hold,” they said. “We don’t know when it will start.”

Currently, polysilicon is not manufactured in India at all. This means it must be imported from other countries, raising the price. Establishing reliable local supply of materials will be crucial to ensuring the much-heralded 'green revolution' that India is seeking. 

In Australia, Adani does not have a strong image as a supporter of green energy.

Adani's Queensland-based coal mine would be the largest in Australia, if it goes ahead, and its entire proposal cycle has been plagued by protests and difficulties with, variously, environmental concerns, anger at proposed exploitation of natural resources, troubles sourcing funds, and arguments against the scale of the government's proposed subsidies. 

 

Related news & editorials

  1. 23.07.2018
    23.07.2018
    by      In
    Dean McCarroll is the new Managing Director of Okuma Australia and Okuma New Zealand. He replaces long-standing MD Philip Hayes, who has retired.
    McCarroll has spent more than 40 years in the machine tool business with the last 30 years in management roles. He was first employed by Okuma Australia... Read More
  2. 20.07.2018
    20.07.2018
    by      In
    The Innovative Manufacturing CRC has signed a framework agreement with the Fraunhofer Society with the aim of increasing the awareness and uptake of Industry 4.0 in Australian manufacturing industry.
    The German Fraunhofer Society is one of Europe’s leading organisations for applied research, and... Read More
  3. 19.07.2018
    19.07.2018
    by      In
    The Australian Made Campaign has named Ben Lazzaro as its new Chief Executive, succeeding Ian Harrison, who steps down at the end of July. The announcement was made following the organisation’s board meeting this week in Melbourne.
    Lazzaro, who has an engineering and communications background, has... Read More
  4. 19.07.2018
    19.07.2018
    by      In
    Siemens Australia and Motorola Solutions have formalised their relationship to develop innovative technologies for Australia’s industrial sector via an exclusive partnership. Motorola Solutions has joined the Siemens’ Solution Partner Programme, becoming only the second company in Australia... Read More