Adani Green Energy

Adani Green Energy will invest INR 24,500 crore in setting up three pumped storage plants with a cumulative capacity of 4.9 GW in Tamil Nadu.

Adani Green Energy has announced the formation of Adani Renewable Energy Fifty One and Adani Renewable Energy Fifty Five.  

India’s solar installations for the Jan-Sept period in 2023 stood at 8.5 GW, 25% less year-on-year. The nation is expected to install an overall 11 GW in the current calendar year.   

Airtouch Solar manufactures and sells its autonomous, water-free PV panel cleaning products and services in Israel and India. The company has won significant orders for its recently launched Airtouch AT 4.0 solution with leading Indian developers including Adani Green Energy and ReNew.

Wiki-Solar’s latest league table of utility-scale solar project developers shows that only six renewable specialists occupy the top 20 spots.

The developer’s arm Adani Renewable Energy Holding Two has signed a deal to acquire a 50% stake in Essel Saurya Urja Co. of Rajasthan Ltd (ESUCRL) from Essel Infraprojects Ltd, for INR 15 crore. The remaining 50% equity of ESUCRL will continue to be held by the Government of Rajasthan.

The developer has refinanced its 350 MW of solar projects with a long-tenor debt facility of $200 million.

Rajasthan leads in utility-scale solar capacity, accounting for 22% (10,635 MW) of cumulative 48,768 MW PV installations. Karnataka (7,662 MW) ranks second, followed by Maharashtra (5,263 MW).

ReNew Power was the top utility-scale solar developer in 2021, commissioning the largest amount of capacity. Tata Power Solar led in rooftop solar installations, accounting for 20% of total annual additions. 

With this, the developer has signed the power purchase agreement for 5,534 MW out of the total 8 GW capacity won in the manufacturing linked solar tender by the Solar Energy Corporation of India.