Some part of the total capacity is scheduled to be completed by March next year New Delhi: Adani Green Energy, a renewable energy firm of the Adani Group, plans to complete 1,300 megawatt (MW) of hybrid projects by calendar year (CY) 2021, said its Chief Executive Officer Jayant Parimal in an analyst call on Monday. […]
Adani Green plans Rs 10,000 crore capex for FY21, expects delays in project execution
Adani Green, which is the clean energy arm of the conglomerate, aims to scale up capacity to 25 gigawatts by 2025 from a portfolio of 6 gw now, which includes projects that are under construction New Delhi: Adani Green Energy plans to invest Rs 10,000 crore in capital expenditure in the financial year 2020-21, but […]
Adani approves 2.1-GW solar JV with Total Solar Singapore
India’s Adani Green Energy Ltd (BOM:541450) has agreed to set up a joint venture (JV) with a Singaporean unit of French oil and gas major Total SA (EPA:FP) and transfer 2.1 GW of its solar projects into the new entity. In a bourse filing on Monday, the Gujarat-based solar power developer said that its board […]
TOTAL to invest USD 510 mn for 50% stake in 2,148 MWac solar power projects held by Adani Green
The Transaction underlines the AGEL and Total’s commitment to address India’s growing demand for power in a sustainable manner and help meet India’s climate change goals. Adani Green Energy Limited (AGEL) and Total Gas & Power Business Services SAS (TOTAL) have entered into a binding arrangement for investment of approximately USD 510 Million for acquisition […]
Adani Green locked in 5% upper circuit; stock hits fresh record high
In the past three months, the stock has zoomed 173 per cent from the level of Rs 52 on the BSE Shares of Adani Green Energy were locked in 5 per cent upper circuit at Rs 142, also its new high, on the BSE on Monday on the back of heavy volumes. The stock surpassed […]
Adani Green may buy rest of Essel’s 480-MW solar assets
Adani Group had signed an agreement in August this year to acquire the 205 MW of operational solar assets for Rs 1,300 crore. Essel Group’s total solar energy portfolio consists of 685 MW of installed and under-construction projects. MUMBAI: After selling 205 megawatt (MW) of its operational solar energy portfolio to the Adani Group, the […]
Adani Green’s $362 mn bonds issue gets global interest
‘The Adani Group’s aggressive moves in the dollar bond market have led to amplified interest for foreign investors in the Indian renewable energy space,’ a company statement said, adding that the bond had a door-to-door maturity of 20 years, and a weighted average life of 13.47 years. Billionaire Gautam Adani’s renewable energy firm Adani Green’s […]
Adani Green raises $362 million from sale of dollar bonds
Adani Green is into solar projects across India. Mumbai: Adani Green Energy, the renewable power arm of Gautam Adani-controlled Adani Enterprises, has raised $362.5 million by selling dollar bonds, as it plans to refinance its existing debt and support capital expenditures. “This is the first 20-year green bond out of India and the first such […]
Adani Green commissions 100 MW capacity at Rajasthan project; stock down 1%
With this, AGEL’s portfolio of renewable generation capacity in India stands at 5.29 GWac with 2.32 GWac operational projects and balance 2.97 GWac in the development stage, the company added. Adani Renewable Energy (RJ) Limited, a stepdown subsidiary of Adani Green Energy Limited (AGEL) has commissioned balance 100 MWac capacity on August 21, 2019 in […]
Adani Green to raise 500 million dollar in green bonds
Majority of the company’s existing debt belong to PSEPL at $212 million and AGEUPL at $100 million. Adani Green Energy, the renewable energy arm of Adani Enterprises, is in process of raising $500 million in green bonds for capital expenditure and refinancing of debt by the middle of June, people close to the development told […]