India’s Competition Commission of India (CCI) has approved the acquisition of SB Energy’s entire shareholding by Adani Green Energy Ltd. In May 2021, Adani Green Energy had stated that it had signed share purchase agreements with SoftBank Group and Bharti Group for the acquisition of 100 percent stake in SB Energy India for $3.5 billion. […]
Indian billionaire Gautam Adani’s dream run up the global wealth rankings is faltering after a media report raised questions about some offshore investors. The news triggered a stockmarket rout in his conglomerate’s six listed stocks. The 58-year-old tycoon has lost more money this week than anyone else in the world, with his personal fortune tumbling by about […]
India’s largest power producer in the private sector, Adani Power Limited (APL), will acquire the 1,200 megawatts (MW) Essar Power’s Mahan Project located at Singrauli district of Madhya Pradesh. The closure of the transaction will however depend on obtaining the necessary approvals from the National Company Law Tribunal (NCLT) and satisfaction of conditions precedent under […]
Nine months ahead of schedule, Adani Green Energy’s arm Adani Wind Energy Kutchh Three Ltd (AWEKTL) has commissioned a 150-megawatts (MW) wind power project in the Kutchh district of Gujarat. This is AGEL’s sixth project that has been commissioned before schedule in the past 12 months, the company stated in a statement. The project has […]
Adani Green Energy said its arm Adani Wind Energy Kutch Three Limited (AWEKTL) has commissioned a 100 megawatt (MW) wind power plant located at Kutch, in Gujarat. With the successful commissioning of this plant, the company has an operational wind generation capacity of 497 MW. The commissioning was five months ahead of schedule, Adani Green Energy […]
Adani Green Energy through its subsidiary, Adani Solar Energy Four Private (ASE4PL) commissioned a 100 MW (2×50 MW) solar power plants at Jalalabad in Shahjahanpur district and Sahaswan in Budaun district of Uttar Pradesh. The plants were commissioned almost one month ahead of their scheduled commissioning date, a company statement said. Both the plants have […]
Adani Green Energy (AGEL) said that French energy giant Total SA will acquire 20% minority interest in the company from Adani Group. The deal, valued at around $2 billion, will also provide Total a seat on the board of directors of AGEL. The transaction follows Total investing $ 510 million in April 2020 for the acquisition […]
Adani Green Energy Ltd (AGEL) said it has commissioned a 25 MW solar power plant in Chitrakoot, Uttar Pradesh. This plant has a power purchase agreement with Noida Power Company Ltd (NPCL) at Rs 3.08/KWh. With this commissioning, AGEL’s total operational renewable capacity has grown to 2,975 MW. The plant will be connected to AGEL’s state-of-the-art […]
