Adani Green’s Profits Up 50% YoY in Q2 FY23 on the Back of Higher Sale of Power
Adani Green Energy (AGEL) posted cash profits of ₹6.01 billion (~$73.98 million) in the second quarter (Q2) of the financial year (FY) 2023, a 50% increase over ₹4.01 billion (~$49.36 ...
Daily News Wrap-Up: Cleantech Firms Form Alliance to Transform India’s Carbon Market
A group of cleantech companies have formed the Carbon Association of India, a strategic alliance to transform India’s carbon market. The alliance aims to take climate-centric initiatives to empower India’s ...
Adani Green Registers 56% Growth in Revenues in FY 22, Energy Sales up by 72%
Adani Green Energy, the renewable energy arm of the Adani Group, reported revenue of ₹37.83 billion (~$495.29 million) from the power supply for the financial year (FY) 2021-22, a 56% ...
Adani Green Raises $288 Million to Finance Solar Wind Hybrid Projects in Rajasthan
Adani Green Energy has raised a $288 million (~₹21.76 billion) financing facility by extending its construction financing framework to $1.64 billion (~₹124 billion) for its under-construction renewable asset portfolio through ...
Azure Power and Adani Green Energy Win MSEDCL’s 300 MW Wind Auction
Azure Power and Adani Green Energy Fifteen were declared winners in the Maharashtra State Electricity Distribution Company's (MSEDCL) auction to procure 300 MW of power from grid-connected interstate and intrastate ...
Adani Green’s Profits Rise by 61% in Q2 FY 2022 As Solar, Wind Energy Sales Surge
Renewable energy company Adani Green Energy has registered a cash profit of ₹4.01 billion (~$53.51 million) in the second quarter (Q2) of the financial year (FY) 2022, an increase of ...
Adani Green Energy to Acquire a 40 MW Solar Project in Odisha
Adani Renewable Energy (MH), a wholly-owned subsidiary of Adani Green Energy (AGEL), has signed an agreement with Essel Green Energy to acquire its 40 MW operational solar project in Odisha ...
Adani Group to Invest $20 Billion in Renewable Energy, Foray into Green Hydrogen
The Adani Group will invest $20 billion in renewable energy generation and component manufacturing over the next ten years and produce the world's cheapest green electron, its Chairman Gautam Adani ...
Adani Green Energy Raises $750 Million Through Green Bond Issuance
Renewable energy company Adani Green Energy raised $750 million by issuing its maiden ListCo senior green bond. The bonds will have a tenor of three years at a coupon of 4.375%. Moodys ...
Adani Green’s Total Income Up by 23% YoY to ₹10.79 Billion in Q1 FY 2022
Renewable energy company Adani Green Energy Limited (AGEL) reported a total income of ₹10.79 billion (~$145.40 million) in the first quarter (Q1) of the financial year (FY) 2022, a 23% ...
DISCOMs Owed ₹121.91 Billion to Renewable Generators at the End of June
Distribution companies (DISCOMs) owed ₹121.91 billion (~$1.63 billion) to renewable energy generators (excluding dispute amounts) in overdue payment across 256 pending invoices at the end of June 2021, according to ...
Regulator Approves Tariff of ₹2.22/kWh Discovered in Torrent’s 300 MW Solar Auction
The Gujarat Electricity Regulatory Commission (GERC) has approved Torrent Power to adopt the tariff discovered through a competitive bidding process for procuring power from grid-connected solar photovoltaic (PV) projects in ...
Corporate Funding for Solar Surges by 193% Globally in 1H 2021
Global corporate funding in the solar sector, including venture capital (VC) funding, debt and public market financing, stood at $13.5 billion in the first half (1H) of 2021, a 193% ...
Adani Green’s Total Income for FY 2020-21 Up by 34% YoY
Renewable energy company Adani Green Energy Limited (AGEL) has released its audited financial results for the financial year (FY) ended March 31, 2021. AGEL's total income for FY21 has reportedly ...
Daily News Wrap-Up: Coal India Prepares for Solar Manufacturing, Project Development
Here are some noteworthy cleantech announcements of the day from around the world: Coal India Limited (CIL) has announced the formation of two wholly-owned subsidiaries for undertaking solar photovoltaic manufacturing ...
Daily News Wrap-Up: Adani Green Commissions a 100 MW Wind Project in Gujarat
Here are some noteworthy cleantech announcements of the day from around the world: Adani Wind Energy Kutch Three, a subsidiary of Adani Green Energy, has commissioned a 100 MW wind ...
Adani Green Energy to Build Transmission Lines for a 300 MW Wind Project in Gujarat
The Central Electricity Authority (CEA) has permitted Adani Green Energy, the renewable energy arm of Adani Group, to construct transmission lines for a 300 MW wind project in Gujarat. The ...
Adani Green’s Subsidiary Commissions a 50 MW Solar Project in Rajasthan
Kilaj Solar (Maharashtra) Private Limited, a step-down subsidiary of Adani Green Energy Limited (AGEL), has commissioned a 50 MW solar power project having a power purchase agreement (PPA) with Solar ...
Adani to Develop 700 MW of Wind-Solar Hybrid Projects at a Renegotiated Tariff of ₹3.24/kWh
Rosepetal Solar Energy Private Limited (RSEPL), a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has been allotted a 700 MW wind-solar hybrid power project at a tariff of ₹3.24 ...
LONGi to Supply 1.2 GW of Solar Modules to Adani Green by 2020
Chinese module supplier LONGi has entered into a strategic partnership with Adani Green Energy, the renewable arm of Adani Group, to supply 1.2 GW of its new generation Hi MO4 ...
Adani Green’s Profit for Q2 FY20 Reaches ₹10.2 Million
Adani Green Energy Limited (AGEL), the renewable energy arm of Adani Group, has announced its consolidated results for the first half of the financial year (FY) 2020 and the second ...
Inox Signs Another Deal with Adani Green for 50 MW of Wind Projects
Inox Wind, a wind energy solutions provider, has sealed a new deal for the sale of power from a 50 MW wind power project of the Solar Energy Corporation of ...
Huawei Inks Deal with Adani Green Energy for 860 MW of Solar Projects
Huawei, a global information and communication technology company, has signed an 860 MW contract with Adani Green Energy, the renewable energy arm of Adani Group. According to Huawei, its newly ...
Adani’s Subsidiaries Petition Tamil Nadu Commission Against Solar Power Curtailment
Three of Adani Power’s subsidiaries (Ramnad Solar Power, Kamuthi Renewable Energy, and Adani Green Energy) have filed a petition before the Tamil Nadu Electricity Regulatory Commission (TNERC) against the curtailment ...
Adani Green Energy Acquires Remaining 51% Stake in Karnataka’s Kodangal Solar Parks
Adani Green Energy has announced the acquisition of a 51 percent equity share capital in Kodangal Solar Parks Private Limited (KSPPL), comprising a 20 MW solar project which was incorporated ...
