The manufacturer based in Maryland Heights, Missouri, will form a venture with the Indian power provider Adani Enterprises Ltd. to build the photovoltaic plant, with as much as 7.5 gigawatts of annual production capacity. Construction is expected to begin this year, the company said in a statement today.
With some of the quickest-growing carbon dioxide emissions in the developing world, India is under pressure to join in the international fight against global warming. Modi will meet President Barack Obama in New Delhi next week where the two are expected to discuss climate issues following last year’s pact between the U.S. and China to coordinate pollution cuts.
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Modi has been ratcheting up India’s targets for renewable energy in a bid to lower coal use and bring electricity to the poor. The government set a target in November for as much as 100 gigawatts of solar capacity by 2022, five times the previous goal.
India is the third-largest source of carbon emissions behind the U.S. and China. In December, the government in New Delhi said it could spend at least $100 billion on climate-related projects.
The targets have made India a fast-growing market for photovoltaics. Demand for solar power in the country this year may triple to more than 3.2 gigawatts, according to Bloomberg New Energy Finance. The London-based researcher expects as much as 63.6 gigawatts to be installed worldwide.
Read more at Modi Advances Solar Plan for India with $4 Billion Plant
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