video-banner
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. 21.02.2020
    21.02.2020
    by      In
    CHEP Australia has unveiled its “Plant of the Future” concept with the opening of its newly upgraded Derrimut Service Centre, one of four Australian service centres to be upgraded as part of a global plant automation strategy.
    Speaking at the opening, Phillip Austin, President, CHEP Asia Pacific,... Read More
  2. 21.02.2020
    21.02.2020
    by      In
    Reed Exhibitions Australia has officially launched its Advanced Manufacturing Expo, a Sydney based event that will alternate with the company’s National Manufacturing Week, which held biennially in Melbourne.
    Advanced Manufacturing Expo 2020 will comprise a conference and exhibition targeted at... Read More
  3. 20.02.2020
    20.02.2020
    by      In
    Australia’s top drag racer, Jim Read, has celebrated a new sponsorship deal from the Hydraulink by setting the fastest time ever at the Sydney Dragway during testing.
    The multiple championship winner’s top fuel racer, driven by son Phil Read, blasted down the quarter mile course in 3.802s in its... Read More
  4. 20.02.2020
    20.02.2020
    by      In
    Adelaide-based company Eyre to There Aviation is aiming to become Australia’s first manufacturer of electric aircraft after signing an agreement with Slovenian designer Pipistrel for its Alpha Electro model for the flight training market.
    Eyre to There Aviation MD Barrie Rogers says his company... Read More