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$20 billion across renewable energy generation, component manufacturing, transmission, and distribution over the next ten years.
Total to acquire 20% stake in Adani Green Energy
The French oil and gas giant already owns half the stake in the Indian developer’s 2.3 GW operational solar assets in India through a joint venture.
Adani Green completes acquisition of 205 MW operating solar assets from Essel
The purchased solar portfolio is relatively young, with average remaining power purchase agreement life of around 21 years.
Adani now the world’s largest solar power developer
India’s largest private-sector thermal power producer—which ranked as the sixth-largest solar player globally in 2019—has climbed to the top spot following a Solar Energy Corporation of India (Seci) award to develop 8 GW of Indian solar project capacity.
Total to buy 50% stake in Adani Group’s 2.1 GW solar portfolio
The French oil and gas giant—which is already a partner in Adani’s natural gas business—will now invest US$ 510 million to buy 50% stake in 2,148 MWac operating solar power projects owned by Adani Green Energy Limited.
Adani rolls out roadmap to become largest renewable power player by 2030
India’s largest private-sector thermal power producer—which ranked as the sixth largest solar player globally in 2019—will invest over 70% of its budgeted Capex for the energy vertical into clean energy and energy-efficient systems to fuel its transformation.
Adani Solar eyes 50% market share within 2 years
Chinese solar modules currently meet around 80% of India’s demand. Domestic modules face stiff competition from those imported from China, which cost 10-20% less, even after the imposition of safeguard duties.
Adani pledges $4 billion for world’s largest solar hybrid park in Gujarat
Head of industrial conglomerate makes pledge at Vibrant Gujarat Summit as part of his company’s ambition to install 10 GW of renewables capacity by 2022.
Adani to build 5 GW data center parks in Andhra Pradesh
The Gujarati multinational will invest Rs700 billion to set up world’s first 100% renewable powered data center parks in the state.
