Ahmedabad (Gujarat) [India]: The Adani Green Energy Limited (AGEL) on Thursday expanded its joint venture with TOTAL SA with the acquisition of 205 megawatts (MW) of operating solar assets for an enterprise valuation of Rs 1,632 crore, taking the total operating renewable portfolio under the joint venture to 2,353 MW. AGEL and TOTAL, a broad […]
Adani Green Energy ties up with 10 global banks for construction projects
“We have a very large construction pipeline that is ahead of us. Typically how we do our financing is that we take construction financing from Indian banks and once they are operational then we refinance the portfolio by raising international bond funding Mumbai: Adani Green Energy on Friday said it has tied up with around […]
Adani Green Energy completes acquisition of 205 MW operating solar assets
The acquisition marks the first operational portfolio acquisition by AGEL. The company had earlier announced the execution of definitive agreements for the acquisition of Essel portfolio on August 29, 2019 Ahmedabad: Adani Green Energy Ltd (AGEL) on Thursday announced that it has completed the acquisition of 205 megawatt operating solar assets from Essel Green Energy […]
Adani Green Energy ties up with 10 int”l banks for construction projects
Mumbai: Adani Green Energy on Friday said it has tied up with around 10 international banks to diversify construction finance portfolio for its ongoing and future projects. The company — which has a portfolio of 14 GW of operating, in- construction and awarded wind and solar parks — is aiming to commission renewable capacity of […]
Adani Says Enough Room to Dilute 10-15% Stake in Adani Green Energy
New Delhi: After French energy major Total SA, more foreign investors have shown interest in partnering Adani group in its renewable energy business, its chairman Gautam Adani said on Tuesday. “We have headroom for diluting 10-15 per cent stake in Adani Green Energy,” he said on a call to announce Adani Green Energy winning the […]
Adani Green Energy wins world’s largest solar bid worth $6 billion
NEW DELHI: Adani Green Energy Ltd has bagged the world’s largest solar bid entailing building a photovoltaic (PV) power plant of 8,000 MW and setting up a domestic solar panel manufacturing capacity of 2,000 MW, envisaging a total investment of roughly $6 billion. Under the offering of domestic manufacturing-linked solar power projects from state-run renewable […]
Adani Power, Adani Green seek shareholder nod for raising Rs 2,500 crore each
Both the companies informed shareholders that their respective annual general meetings will be held on June 25 through video conferencing, in view of the Covid-19 pandemic Mumbai: Billionaire Gautam Adani-led companies Adani Power and Adani Green Energy have sought shareholders approvals to raise up to Rs 2,500 crore each through issue of equity shares or […]
Adani Green Energy Q4 results: Posts Rs 55 crore net profit
Chairman Gautam Adani said in the statement, “Adani Group has always maintained sustainability as a priority at the group. With the long-lasting impact that COVID-19 is due to have on all sectors, sustainability-driven business is imperative” New Delhi: Adani Green Energy on Monday posted a consolidated net profit of Rs 55.64 crore for the March […]
Adani Green Energy’s step down subsidiary commissions 50 MW solar power project
Kilaj Solar (Maharashtra), a step-down subsidiary of Adani Green Energy Limited (“AGEL”) has commissioned its 50 MW Solar Power Project having Power Purchase Agreement (“PPA”) with Solar Energy Corporation of India (SECI) at Rs. 2.54/kWh for a period of 25 years, on 14 April, 2020. With this, 2.60 GWac of renewable energy projects are operational. […]
Adani Green Energy generation capacity jumps 30 per cent to 2.5 GW in FY20
Solar power generation capacity rose by 250 MW from 1,898 in 2018-19 to 2,148 MW in 2019-20. Similarly, its wind energy capacity rose by 337 MW to 397 MW in last fiscal from 60 MW a year ago New Delhi: Clean energy firm Adani Green Energy Ltd (AGEL) on Thursday said its power generation capacity […]