CHENNAI: It took 8,500 men working two shifts every day for six months — and three shifts for two months — to finish, ahead of schedule, the Adani Group’s giant solar power plant in southern India.
The vast, 10 sq km project in Ramanathapuram, in the southern state of Tamil Nadu, is the world’s largest solar power station in a single location, according to the company.
It has the capacity to power 150,000 homes — and it is one sign of how serious India is becoming about meeting its renewable energy targets.
Considering the delays that commonly bog down infrastructure projects in India, the speed at which the 648 megawatt project was completed demonstrates the country’s commitment to renewables, said an analyst.
“The government is very clear about its solar plan, and large installations are key to this plan,” said Aruna Kumarankandath of the Center for Science and Environment in Delhi.
Prime Minister Narendra Modi has prioritized solar to meet the renewables target, she said.
As a signatory to the Paris Agreement on climate change, India is committed to ensuring that at least 40 percent of its electricity will be generated from non-fossil-fuel sources by 2030.
While coal still provides the lion’s share of India’s energy, officials forecast the country will meet its Paris Agreement renewable energy commitments three years early — and exceed them by nearly half.
A 10-year blueprint released last month predicts that 57 percent of total electricity capacity will come from non-fossil sources by 2027.
Solar energy is a particular focus. It makes up 16 percent of renewables capacity now, but will contribute 100 gigawatts of the renewable energy capacity target of 175 GW by 2022.
Of that 100 GW target, 60 percent will come from large solar installations. The government is planning 33 solar parks in 21 states, with a capacity of at least 500 megawatts each.
India’s ambitious targets come at a time when renewable energy is at a turning point in the country, as generating electricity from renewables costs nearly the same as from conventional sources.
The urgency also aims to fill a gap: India is among the world’s fastest growing economies, yet one-third of its households have no access to grid power.
The renewables goal will help ensure “uninterrupted supply of quality power to existing consumers and provide electricity access to all unconnected consumers by 2019,” according to the blueprint.
The Adani plant, built at a cost of 45.5 billion rupees ($661 million), reflects the government’s ambitions. It comprises 2.5 million solar panel modules, 576 inverters and 6,000 km of cables, the company said.
The government grants some subsidies for solar and has raised the investment target for solar energy in the country to $100 billion, with Japan’s Softbank and Taiwan’s Foxconn among others committing to the sector.
But there are hurdles, with land availability for solar parks a chief concern. Conflicts related to land have stalled industrial and development projects in India, putting billions of dollars of investment at risk, according to a recent report.
“Land is definitely a concern, and there’s also the issue of transmission,” said Kumarankandath.
“It is all very well to produce all this energy, but do we have transmission lines capable of taking it up? We’re also going to need large quantities of water to clean the panels.”
Some states are passing new land laws to make acquisitions easier, while the government is also exploring innovative places to install solar panels, including across the tops of irrigation canals.
Meanwhile, the Adani group, India’s biggest solar power producer and also its top coal-fired generator, may be unseated before long by China, which is building what it claims will be the biggest solar farm on earth: an 850 MW plant on 27 sq km of land.
India shows it is serious about solar with giant power plant
India shows it is serious about solar with giant power plant
Closing Bell: Saudi main index rises to 10,894
RIYADH: Saudi Arabia’s Tadawul All Share Index extended its upward trend for a third consecutive day this week, gaining 148.18 points, or 1.38 percent, to close at 10,893.63 on Tuesday.
The total trading turnover of the benchmark index stood at SR6.05 billion ($1.61 billion), with 144 listed stocks advancing and 107 declining.
The Kingdom’s parallel market Nomu also rose by 81.35 points to close at 23,668.29.
The MSCI Tadawul Index edged up 1.71 percent to 1,460.89.
The best-performing stock on the main market was Zahrat Al Waha for Trading Co., with its share price advancing 10 percent to SR2.75.
Shares of CHUBB Arabia Cooperative Insurance Co. increased 8.27 percent to SR23.04, while Abdullah Saad Mohammed Abo Moati for Bookstores Co. saw its stock climb 6.17 percent to SR50.60.
Conversely, the share price of Naseej International Trading Co. declined 9.90 percent to SR31.48.
On the announcements front, Arabian Drilling Co. said it secured three contract extensions for land rigs with energy giant Saudi Aramco, totaling SR1.4 billion and adding 25 active rig years to its backlog.
In a Tadawul statement, the company said one rig is currently operational, the second will begin operations by the end of January, and the third — currently suspended — is expected to resume operations in 2026.
Since November 2025, Arabian Drilling has secured seven contract extensions amounting to SR3.4 billion, representing 55 committed rig years.
The three contracts have durations of 10 years, 10 years, and five years, respectively.
“Securing a total of SR1.4 billion in new contracts and expanding our backlog by 25 rig-years demonstrates both the trust our clients place in us and our ability to consistently deliver quality and reliability,” said Ghassan Mirdad, CEO of Arabian Drilling, in a statement.
Shares of Arabian Drilling Co. rose 3.15 percent to SR104.70.
Separately, Alkhorayef Water and Power Technologies Co. said it signed a 36-month contract valued at SR43.35 million with National Water Co. to operate and maintain water networks, pumping stations, wells, reservoirs, and related facilities in Tabuk.
In October, Alkhorayef Water and Power Technologies Co. announced it had been awarded the contract by NWC.
In a Tadawul statement, the company said the financial impact of the deal began in the fourth quarter of 2025.
The share price of Alkhorayef Water and Power Technologies Co. declined 0.49 percent to SR120.70.









