January 13, 2015: Mundra in Gujarat will soon get the country’s largest solar PV plant according to a memorandum of understanding (MoU) signed between SunEdison and Adani to invest $4 billion for building this manufacturing facility.
The plant, which will be a joint venture between the two companies will create 4500 direct and 15,000 indirect jobs. “We are proud to be partnering with Adani to build the largest solar photovoltaic manufacturing facility in India,” said SunEdison president and chief executive Ahmad Chatila.
Chatila further stated that the region can be transformed into a solar production powerhouse with the help of a highly productive partnership of SunEdison who has expertise in solar technology and Adani who has years of experience in building great infrastructures.
This deal sets an example as a part of government’s ‘Make in India’ initiative. The construction of the solar PV manufacturing factory will be completed in a span of three to four years.
