Adani Green Energy Ltd (AGEL), India’s largest and the world’s leading renewable energy developer, announced that the Board of Directors of AGEL have approved a preferential issuance of warrants to the Promoters of AGEL for a quantum of INR 9,350 crore (equivalent to USD 1,125 million) at a per share price of INR 1,480.75/share calculated…
Renewable energy company Adani Green Energy has appointed Pramath Nath as the Head of Human Resources. Prior to this role, Nath was CHRO for the Asia Pacific & India region at GE Power. Before GE Power, he held the positions of Executive Director and Director of Human Resources at KPMG India. He has also worked…
International Holding Company PJSC (IHC), the Abu Dhabi based conglomerate, announced it will invest USD 2 billion as primary capital in three Adani portfolio companies – Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL). Earlier today, the boards of AGEL, ATL and AEL met and approved the transaction. The…
Three subsidiaries of Adani Green Energy Ltd – Adani Green Energy (UP) Ltd, Prayatna Developers Pvt Ltd and Parampujya Solar Energy Pvt Ltd, collectively housing 930 MW of operational solar power projects, have raised Rs 612.30 cr by their maiden domestic bond issuance, on private placement basis. The Rated, Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs)…
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, has won the Global Sponsor of the Year award from Project Finance International (PFI). The global award recognizes AGEL as a key driver of energy transition that has set up the platform to implement 45GW of renewable energy generation capacity by…
Solar power developer Adani Green Energy (AGEL) announced that it has completed the acquisition of SB Energy Holdings Ltd (SB Energy India). With this deal, SB Energy India is now a 100% subsidiary of AGEL. Earlier, it was a 80:20 joint venture between Japan-based SoftBank Group Corp and Bharti Group. The transaction pegs SB Energy…
Adani Renewable Energy (MH) Limited (AREMHL), a wholly-owned subsidiary of Adani Green Energy Ltd (AGEL), has signed definitive agreements with Essel Green Energy Pvt Ltd to acquire 100% economic value in an SPV that owns 40 MW operating solar project in Odisha. The project has a long-term Power Purchase Agreement (PPA) with Solar Energy Corporation…
Adani Green Energy Limited appointed Romesh Sobti as Additional Director of the company, effective September 20, 2021. According to the company’s exchange filing, “We would like to inform that the Board of Directors of the Company has, on the recommendation of the Nomination and Remuneration Committee, appointed Mr. Romesh Sobti as an Additional Director (Non-Executive,…
Adani Green Energy is in advanced talks to acquire privately-held SB Energy Holdings, according to Bloomberg report. A deal could value SB Energy, owned by SoftBank Group and Bharti Enterprises, at more than $650 million, said one of the people, who asked not to be identified as the information is private. Adani Green is exploring…
Adani Green Energy Limited (AGEL), one of the largest renewables companies in India, announced that it has signed a share purchase agreement for the acquisition of 100% stake in two SPVs holding 74.94 MW operating solar projects of Sterling & Wilson, a Shapoorji Pallonji group company. The projects, commissioned in 2017, are located in Medak…
Adani Green Energy Limited (AGEL) has raised a USD 1.35 billion debt package for its under-construction renewable asset portfolio through definitive agreements signed with a group of international lenders. The revolving project finance facility would initially finance the 1.69 GW hybrid portfolio of solar and wind renewable projects to be setup in four SPVs in…
Adani Green Energy Limited (AGEL) raised a USD 1.35 billion debt package for its under-construction renewable asset portfolio through definitive agreements signed with a group of leading international lenders. The revolving project finance facility would initially finance the 1.69 GW hybrid portfolio of solar and wind renewable projects to be setup in four SPVs in…
Adani Green Energy Limited (AGEL), announced that it has completed the acquisition of 205 MW operating solar assets from Essel Green Energy Private Limited (EGEPL) and Essel Infraprojects Limited (EIL). The assets are located in Punjab, Karnataka and Uttar Pradesh. All the assets have long term Power Purchase Agreements (PPAs) with various state electricity distribution…
The latest ranking of global solar companies by Mercom Capital ranks the Adani Group as the #1 global solar power generation asset owner in terms of operating solar projects. Adani’s renewable energy portfolio exceeds the total capacity installed by the entire United States solar industry in 2019 and will displace over 1.4 billion tons of…
Adani Green Energy Limited announced that it has won a manufacturing linked solar agreement from the Solar Energy Corporation of India (SECI). As a part of the agreement, AGEL will develop 8 GW of solar projects along with a commitment that will see Adani Solar establish 2 GW of additional solar cell and module manufacturing…