The manufacturing facility for solar PV cells and solar PV modules in Mundra, Gujarat, has got the commercial operational date certificate from Solar Energy Corporation of India, an affiliate company of Adani Green Energy. The plant can produce 2 GW annually.
In a regulatory filing, AGEL stated that through its fully-owned subsidiary Adani Renewable Energy Holding Four Limited, it now owns 26% of the shares of MSEL. This manufacturing plant has been established as a result of a manufacturing-related contract given to AREH4L, which is developing solar power projects totaling 8 GW.
Shares of Adani Green Energy increased by 1% following the news that one of its affiliated companies had been granted a critical license to start operating at a manufacturing facility.
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