Adani Green

Adani Sets Plans Rolling for Wind Turbine Manufacturing

Adani Enterprises Ltd (AEL) on Tuesday infirmed the stock exchanges about having incorporated a wholly-owned subsidiary company for manufacturing wind turbine generators. In a filing to BSE, the company said  a fully owned subsidiary, Mundra Windtech Limited (MWL) was incorporated on on June 7, 2021. On the objects and effects of acquisition/incorporation for the acquisition of […]

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Adani Green Completes Rs 133 crore Spinel Energy Buyout

Adani Green Energy has completed the acquisition of Spinel Energy and Infrastructure from Hindustan Cleanenergy and Peridot Power Ventures. The deal, which was announced on January 21 first, was formally completed last week. The enterprise value of the all cash deal has been put at Rs 133 crores. For Adani Green, the acquisition is another […]

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Rising Market Cap Fuels Acquisition Ambitions For US Renewable Energy Firms

Early in October this year, NextEra Energy, a renewable energy firm with almost 18 GW of solar and wind plants till last year, overtook Exxon Mobil in market cap for the first time ever. The event marked both the rising tide for renewable energy firms seen as leading the new energy transition, and the mark […]

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Vikram Solar Signs MoU to set up 3 GW Manufacturing Facility in Tamil Nadu

Vikram Solar intends to set up a 3 GW solar manufacturing facility in Tamil Nadu, after it signed a Memorandum of Understanding with the state government. Kolkata-based solar energy module manufacturer and solutions provider – Vikram Solar has announced that it is planning to set up a 3-gigawatt (GW) solar manufacturing facility in Tamil Nadu, after it […]

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PPA for Thermal Plant with Adani Power in MP Raises Important Questions

The May 27 announcement by Adani Power of a 1320 MW thermal power deal in Madhya Pradesh raises more questions than it answers. The company’s subsidiary Pench Thermal Energy (MP) has signed a 25 year power purchase agreement (PPA) with MP Power Management Company (MPPMCL) for procurement of 1230 MW of electricity on long term […]

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The 90K Stimulus Impact. Will Indian Solar Asset Sales Slow Down?

It is no secret that many developers were forced to sell off their renewable energy assets in the recent past to meet their liquidity requirements. From selling by the Shapoorji Pallonji group, which owns leading EPC developer Sterling and Wilson, to reports of Renew Power being in talks, there have been a string of deals […]

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Residential Solar. Market Yes, But Marketing?

Ashish Anand, a Chandigarh-based businessman reached out to us four months back. With an independent house in the city, he was keen to explore the idea of a solar rooftop for his house. As always, we put him in touch with relevant state sources, and for good measure, a couple of vendors who install solar […]

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Adani Green’s Arm Commissions 75MW Wind Project; Shares Hit 52Wk High

Ahmedabad headquartered Adani Green Energy Ltd (AGEL) said that it has commissioned new 75 MW wind energy project through its subsidiary Adani Renewable Energy. The project has been commissioned under the 25 year PPA with Maharashtra Discom MSEDCL at a tariff of Rs 2.85/kWh. The company said in a filing to the stock exchanges that […]

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Adani Green Energy’s Petition Against PGCIL Dismissed by CERC

CERC recently heard a petition filed by Adani Green Energy against Power Grid. The Central Electricity Regulatory Commission (CERC) recently heard a petition filed by Adani Green Energy Limited (AGEL) against the Power Grid Corporation of India Limited (PGCIL). The case was about three of Adani’s projects – a 500 MW wind project, 1,000 MW […]

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