Adani Green Energy wins approval for $442m wind farms in Sri Lanka
Adani Green Energy has won approval from Sri Lanka’s Board of Investment (BOI) for a couple of onshore wind farms it plans to build in the island nation with an investment of $442 million.
According to the Sri Lankan Board of Investment, the wind farms of Adani Green Energy will produce 1,500 to 2,000 jobs.
The board stated that the two wind farms with a capacity of 350MW are expected to begin operations in a couple of years and are likely to feed into the national grid by the year 2025.
Sri Lanka has been reeling under a financial crisis in recent times and the investment from the Indian company will be more than helpful to its economy while playing a part in covering the electricity demand of its citizens.
Adani Green Energy wins approval for $442m wind farms in Sri Lanka
Adani Green Energy is the renewable energy arm of Adani Group, which has been in the news for alleged stock manipulation.
In late 2022, Adani Green Energy commissioned a 450MW wind-solar hybrid power plant in Jaisalmer, Rajasthan to take its overall operational capacity to more than 7GW.