Adani Green to buy Essel’s 40 MW solar assets in Odisha
The operating solar assets benefit from a long-term power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) at an INR 4.235/kWh tariff. The remaining PPA life is 22 years.
Adani Group commits US$20 billion to renewable energy
The diversified business group with a 25 GW renewable energy portfolio will invest US$20 billion across renewable energy generation, component manufacturing, transmission, and distribution over the next ten years.
Adani Green Energy raises US$ 750 million from issuance of green bonds
The solar developer shall utilize the proceeds towards equity funding of the capex for its under-construction renewable projects.
Adani Green transfers stake in solar manufacturing arm to Adani Enterprises
Adani Enterprises, which already controls Mundra Solar PV, has acquired a 74% stake in PV cells and modules manufacturing business Mundra Solar Energy through its subsidiary. The move will bring synergy in the company’s solar manufacturing operations and solidify its position in this space.
Adani Green to buy SB Energy’s 5 GW renewable portfolio in India
The Indian developer has agreed to acquire a 100% interest in SB Energy’s India renewable portfolio for approximately US$3.5 billion (INR 26,000 crore). The assets, totaling 4,954 MW, are spread across four Indian states.
Adani Green awarded 150 MW solar project by Torrent Power
The PV plant—to be set up in Gujarat—will supply power for INR2.22/kWh for 25 years.
Adani Green commissions 50 MW solar project in Uttar Pradesh
The latest addition in Chitrakoot follows the commissioning of a 25 MW solar plant in January this year.
Adani Green’s operating solar capacity grew 38% during FY2021
The developer added 825 MW of solar capacity during the fiscal. This, together with 100 MW of new wind, raised the developer’s total operating renewable capacity to 3,470 MW.
Adani Green acquires 20 MW solar assets from Hindustan Power
Following 75 MW solar assets in Telangana, Adani Green Energy has completed the acquisition of 20 MW PV assets in Uttar Pradesh for INR 133 crore.
Adani Green commissions 100 MW solar capacity in Uttar Pradesh
The solar capacity—comprising two plants of 50 MW each—were completed ahead of schedule despite adverse conditions amidst Covid-19. The plants benefit from 25-year power purchase agreements with Uttar Pradesh Power Corporation Limited, at INR 3.22/kWh and INR 3.19/kWh, respectively.
