Adani Green Energy Ltd (AGEL) on Wednesday announced that it has signed a share purchase agreement for the acquisition of 100 per cent stake in two special purpose vehicles (SPV) holding 74.94 MW operating solar projects of Sterling & Wilson, a Shapoorji Pallonji group company.
With this acquisition, AGEL shall increase its operating renewable capacity of 3,395 MW with a total renewable portfolio of 14,865 MW
Punitive tariffs on components will cripple a growing sector
The company has reported a loss of Rs 76.97 lakh in 2019-20
Lowest bid discovered at Rs 2.47/unit for 6.4 Gw tender
With the commissioning of this project, AGEL now has total renewable capacity of 14,795 MW including 11,670 MW awarded and under implementation projects
The energy will be supplied to KSEBL under a Power Purchase Agreement (PPA), valid for a period of 25 years from the date of scheduled commercial operation
The project has a power purchase agreement with Gujarat Urja Vikas Nigam Ltd (GUVNL) at Rs 2.44/kWh (unit) for 25 years
It has been a buyers market in clean energy so far. As consolidation happens, this could change in 2021
The grid-connected 2-megawatt solar photovoltaic (SPV) plant was inauguated by the state's Power Minister R Lalzirliana on Friday.
The industry would have lauded his insistence on having a green future, but the facts on the ground tell a different story.
Coal India (CIL) is mandated by the coal ministry to become a net zero carbon company.
The PE firm, which earlier withdrew intent to become a sponsor in August, made a fresh application again this month
Funds to be raised as revolving construction finance for upcoming 12 Gw renewable projects
The Court sought Rajasthan government's stand on a petition by local farmers challenging the allocation of nearly 990 hectares of agricultural land to the private business house
Adani tops global league table in installed capacity
175 Gw target under threat as project developers, states shy away
The decline is worrisome given that the deadline for meeting the ambitious target of 175 Gw of renewable capacity is barely two years away
Both Acme and Actis did not disclose the deal size but market experts estimated the deal size to be close to Rs 2,000 crore
Silicon wafers and ingots are critical components that go into manufacturing solar cells and modules