Named Adani Renewable Energy Park Rajasthan, the JV will develop the solar park, which is expected to attract over Rs600bn ($9.34bn) investments.
The government will allocate land for the solar park, and facilitate power evacuation infrastructure.
The proposed park will comprise generation projects, including Adani-developed and owned 5,000MW facility, and a manufacturing unit for solar module, parts and equipment.
Adani Group chairman Gautam Adani said: "This project will be India’s largest solar park and will also house manufacturing facilities to be set up under the country’s ambitious Make In India initiative.
"We have embarked upon a mission of becoming a world leader in renewable power generation technologies, with a special focus on solar."
Expected to generate approximately 16,644 million units of clean and green energy, the solar park will reduce carbon emissions by around 16.2 million tons.
The joint venture will contribute to Rajasthan Government’s plan to have 25,000MW installed solar power generation capacity by 2022.
The Indian Government has issued guidelines for at least 25 solar parks, each with a capacity of 500MW, as part of its plan to have 100,000MW installed solar capacity by 2022.
Image: Indian state of Rajasthan plans to have 25,000MW installed solar capacity by 2022. Photo: courtesy of dan / FreeDigitalPhotos.net.
