Tag: adani

Adani companies declare energy compact goals as part of COP26

As part of COP26, Indian industry giant Adani Group’s two companies – Adani Green Energy Limited (AGEL), the solar power development arm, and Adani Transmission Limited (ATL), the power transmission and retail distribution company, announced their Energy Compact Goals, with a focus on Sustainable Development Goal 7 (SDG 7). SDG 7 outlines a set of objectives to be met by 2030. The companies must ensure universal access to affordable, dependable, and contemporary energy services, as well as a significant increase in the global percentage of renewable energy.

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India based Adani Green Energy commissions 50 MW solar project in Chitrakoot, Uttar Pradesh

Leading India-based developer, Adani Green Energy Limited (AGEL) has announced that its subsidiary Adani Solar Energy Chitrakoot One Limited has commissioned a 50 MW solar power plant in Chitrakoot, Uttar Pradesh. The tariff of the solar project is Rs 3.07 per kWh. The developer has signed a 25-year power purchase agreement (PPA) with Uttar Pradesh Power Corporation Limited.

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Adani Green Energy raises $1.35 billion in debt financing for its renewable energy portfolio

A leading Indian IPP, Adani Green Energy Limited (AGEL) has announced that it raised a $1.35 billion debt package for its renewable asset portfolio which is currently under construction. Further, the company has signed definitive agreements with international lenders. The funding will be utilised to finance 1.69 GW of solar-wind hybrid projects currently being developed in the Indian state of Rajasthan.

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Total to acquire a 20% minority interest in India-based Adani Green Energy

Energy giant Total has announced the acquisition of a 20% minority interest in Adani Green Energy Limited (AGEL) from Adani Group, India’s leading infrastructure platform. This transaction is the latest development in the strategic alliance between the two parties. With this latest acquisition, Total will have a seat on the Board of Directors of AGEL.

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