• Published | 25 January 2019
The Adani investment plan worth USD 7.7 Bn into Lithium battery manufacturing complex, Data Center Park, and a copper smelting project in Gujarat will drive the India Solar Energy and Lithium battery market.
India: Gautam Adani proclaims over 55,000 crore investment in the next five years in a clutch of projects in Gujarat. Over the next 5 years, the investments will include the world’s largest solar hybrid park in Khavda. The anticipated investment in this park is Rs 30,000 crore." Company also plan to establish a 1 GW Data Center Park in Mundra, a one million ton copper smelting and refining project, a cement and clinker manufacturing unit in Lakhpat, an integrated Lithium battery manufacturing complex and expand our Photovoltaic manufacturing capabilities. This will lead to the creation of over 50,000 new direct and indirect jobs in the state. Apart from 55000 crores plan group also plans to foray into petrochemical business with an investment of 16,000 crore, a joint venture project with German chemical major BASF. Solar energyAccording to Rishi Mallarh, analyst at BlueWeave Consulting, Adani Group is an integrated infrastructure conglomerates with interests in resources (coal mining and trading), logistics (ports, logistics, shipping and rail), energy (renewable and thermal power generation, transmission and distribution), agro (commodities, edible oil, food products, cold storage and grain silos), real estate, public transport infrastructure, consumer finance and defense sectors. Power is one of the most critical components of infrastructure crucial for the economic growth and welfare of nations. Sources of power generation range from conventional sources such as coal, lignite, natural gas, oil, hydro and nuclear power to viable non-conventional sources such as wind, solar, and agricultural and domestic waste. Solar energy is an ideal long-term source of clean energy that can be used as a viable alternative to currently prevalent nonrenewable sources such as coal, gas, and oil. The growth of the solar energy market is driven by an increase in environmental pollution and provision of government incentives & tax rebates to install solar panels. In addition, the decrease in water footprint associated with solar energy systems has fueled demand in power generation sectors. Electric vehicles provide great potential to radically reduce local air pollution, greenhouse gas emissions, resulting in climate change impacts, and oil use from the transport sector. Environmental pollution causes more than three times death than malaria, tuberculosis, and AIDs, countries such as India and China records the maximum death caused by environmental pollution. Due to which several government regulations, particularly pollution prone countries have initiated supportive policies and programs to produce and adopt electric vehicles, which is surging the demand for electric vehicles battery market over the forecast span. According to the recently published report by BlueWeave Consulting on “India Lithium-ion Battery Market, By Type (Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Iron Phosphate and Others), By Components (Cathode, Anode, Electrolytic Solution, Others) By Application (Consumer Electronics, Industrial and Automotive), by Region; Size and Forecast, 2014-2025, India Lithium-ion Battery market is expected to grow with a CAGR over 23% during the forecast period 2018-2025. Increasing pollution concerns, rising adoption of electric vehicles, increasing income-levels and surging demand for quality and uninterrupted power are some of the key factors driving the growth of Lithium-ion batteries market in India. Further, rising usage of smartphones and other consumer electronics products is resulting in an increase in demand for higher energy density and faster-charging solutions. According to BlueWeave consulting’s upcoming report, Titled-“ India Solar Energy Market by Technology (Photovoltaic Cells and Concentrated Solar Power Systems), Solar Module (Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous Silicon Cells, and Others), Generation (First, Second, and Third), and Application (Agriculture & Horticulture, Architecture, Transportation, and Others),By Region (North, West, East & South); Size and Forecast, 2014-2025,” The India solar energy market is estimated to have high growth over a forecasted period due to the rising focus of the government towards sustainable energy generation, availability of abundant sunshine throughout the year makes the country an ideal location for solar power generation. Rapid population growth and increasing urbanization and industrialization are driving demand for energy, traditionally met by coal and crude oil.