American equity investment boutique GQG Partners has completed a secondary equity transaction worth INR 15,446 crores ($1.87 billion) with the Adani Portfolio companies. The companies that secured the investment include Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission, and Adani Enterprises. According to Adani Enterprises, the investment makes GQG Partners an important […]
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. […]
Adani Group’s renewables arm — Adani Green Energy Ltd (AGEL) has commissioned a 450MW wind-solar hybrid power plant in Jaisalmer, Rajasthan, its third such facility in the city. The newly commissioned hybrid power plant is underpinned by 25-year power purchase agreements (PPA) with Solar Energy Corporation of India (SECI) at a rate of INR 2.67/kwh. […]
Suzlon Group has bagged an order from Adani Green Energy to develop a 48.3MW wind farm in Mandvi, Kutch district, Gujarat. As per the contract, Suzlon Group will supply and install 23 wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower. Each of the turbines of the Mandvi wind farm in Gujarat will […]
Adani Green Energy Ltd (AGEL), a part of the Adani Group, has started operations of the 600MW Jaisalmer wind-solar hybrid power plant in Rajasthan. The hybrid power plant is underpinned by power purchase agreements (PPA) with Solar Energy Corporation of India Limited (SECI) at a rate of INR 2.69/kwh for 25 years. According to Adani […]
Adani Green Energy Limited (AGEL) said that its subsidiary – Adani Wind Energy MP One Private Ltd (AWEMP1PL) has started operations of the Dhar wind farm in Madhya Pradesh, a 324.4MW wind power plant in Dhar. According to the Adani Group company wind power plant is underpinned by a couple of 25-year power purchase agreements […]
Adani Green Energy Limited said that its subsidiary Adani Hybrid Energy Jaisalmer One Limited (AHEJOL) has commissioned a 390MW wind-solar hybrid power plant in Jaisalmer, Rajasthan. The project is claimed to be the first-ever wind and solar hybrid power generation facility in India. The wind-solar hybrid power plant in Jaisalmer is underpinned by a power […]
Adani Enterprises said that International Holding Company PJSC (IHC), an Abu Dhabi-based investment company, has finalized an investment of INR 15,400 crores ($2 billion) in the Adani portfolio companies — Adani Green Energy Limited (AGEL), Adani Transmission Limited (ATL), and Adani Enterprises Limited (AEL). Sagar Adani — Executive Director of Adani Green Energy said: “We […]
Adani Green Energy Ltd (AGEL) has wrapped up the previously announced $3.5 billion (INR 26,000 crores) acquisition of SB Energy Holdings Ltd (SB Energy India). The all-cash deal was announced in May 2021 under which the Adani Group subsidiary acquired the Indian renewable energy company from SoftBank Group (SBG) and Bharti Group. While SoftBank Group […]
Adani Green Energy (AGEL) has agreed to acquire a 40MW operating solar power project in Odisha from Essel Green Energy for INR 219 crores ($29 million). The acquisition will be carried out by the company’s fully-owned subsidiary Adani Renewable Energy (MH) Limited (AREMHL). The solar power project in Odisha is underpinned by a long-term power […]