Adani Green ranks among top 3 large-scale solar developers globally


India’s Adani Green Energy Ltd (AGEL) has ranked as the world’s second-largest large-scale solar PV developer in Mercom Capital Group’s latest Annual Global Report. AGEL secured the position with a total solar portfolio of 18.1 GW across operational, under-construction, and awarded (PPA-contracted) projects.

France-based TotalEnergies tops the list with a total capacity of 41.3 GW.

Speaking on the ranking, Gautam Adani, chairman of Adani Group, said, “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.”

Mercom Capital Group prepared its list of the world’s top ten large-scale solar PV developers based on data compiled from July 2022 to June 2023. The report ranks international large-scale PV developers and projects based on the operational capacity of projects over 1 MW, spanning projects running now, those under construction and others awarded power purchase agreements (PPA), Mercom said in the press release.

According to the Mercom report, top 10 developers accounted for 145 GW of operational, under-construction, and awarded (PPA-contracted) solar projects during the reporting period. Of this, 49.5 GW of projects were operational, 29.1MW were under construction, and 66.2 GW were in pipeline (PPA-contracted).



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