Adani Green Gets Stakeholders’ Approval to Raise ₹25 billion

Adani Green Gets Stakeholders’ Approval to Raise ₹25 Billion

Adani Green Energy Limited (AGEL) announced that it had received approval from its shareholders to raise ₹25 billion (~$331 million). The approval was granted during the company’s fifth annual general ...
Adani Green to Receive Refund of ₹1.2 Million for a 20 MW Solar Project in Mysuru

Adani Green to Receive Refund of ₹1.2 Million for a 20 MW Solar Project in Mysuru

The Karnataka Electricity Regulatory Commission (KERC) has ordered that Adani Green Energy Limited (AGEL) should get a refund of ₹1.2 million (~$15,754) from the Gulbarga Electricity Supply Company Limited (GESCOM) ...
/ / Solar, Utility Scale
Adani Asked to Compensate for Delay in Land Possession for a 20 MW Solar Project

Adani Asked to Compensate for Delay in Land Possession for a 20 MW Solar Project

The Karnataka Electricity Regulatory Commission (KERC) has dismissed Adani Green Energy Limited’s (AGEL) request to approve the date on which the supplemental power purchase agreement (PPA) was signed to be ...
/ / Markets & Policy, Solar
Tata Power to Buy 50 MW of Wind Power from SECI at ₹2.52_kWh

Tata Power to Buy 50 MW of Wind Power from SECI at ₹2.52/kWh

The Central Electricity Regulatory Commission (CERC) has approved a tariff of ₹2.52 (~$0.034)/kWh as requested by the Tata Power Delhi Distribution (TPDDL) for 50 MW of wind power from the ...
/ / Wind
Important Headlines from India’s Renewable Sector in February 2020

Important Headlines from India’s Renewable Sector in February 2020

February was a busy month for the domestic renewable sector, with many important events and announcements making the headlines. There were several important announcements in the month, including the Union ...
Total to Acquire 50% Stake in Adani Green’s Solar Portfolio for $510 Million

Total to Acquire 50% Stake in Adani Green’s Solar Portfolio for $510 Million

Total, a French oil and gas major, has entered into an agreement with Adani Green Energy Limited  (AGEL) to acquire a 50% stake in a joint venture company for $510 ...
/ / Finance and M&A, Solar
SECI’s Manufacturing-Linked Solar Tender Receives Good Response, Oversubscribed by 1 GW

SECI’s Manufacturing-Linked Solar Tender Receives Good Response, Oversubscribed by 1 GW

The Solar Energy Corporation of India (SECI) has received a good response for its 7 GW solar tender that has been linked with a manufacturing component. After a slew of ...
Adani Green Raises $362.5 Million Through Issuance of Green Bonds

Adani Green Raises $362.5 Million Through Issuance of Green Bonds

Adani Green Energy Limited (AGEL) has announced that its subsidiaries, Adani Renewable Energy Limited, Wardha Solar (Maharashtra), and Kodangal Solar Parks Private Limited, have approved the issuance of dollar-denominated 20-year ...
/ / Finance and M&A, Solar
Adani Green Energy to Acquire 205 MW of Solar Assets from Essel Group

Adani Green Energy to Acquire 205 MW of Solar Assets from Essel Group

Adani Green Energy, the renewable energy arm of Adani Group, has announced that it has signed an agreement to acquire 205 MW of solar assets from Essel Group. The projects which ...
/ / Finance and M&A, Solar
Bombay Stock Exchange Launches Exclusive Trading Platform for Green Bonds

Bombay Stock Exchange Launches Exclusive Trading Platform for Green Bonds

India now has its own green bond trading platform. The Bombay Stock Exchange (BSE)’s international arm, India International Exchange (India INX), recently announced its exclusive green listing and trading platform ...
CERC Dismisses Adani Green’s Petition Against Power Grid Corporation

CERC Dismisses Adani Green’s Petition Against Power Grid Corporation

The Central Electricity Regulatory Commission has announced its ruling in a case that involved Adani Green Energy Limited (AGEL) and Power Grid Corporation Limited (PGCIL). The case was about three ...
MERC Approves PPAs for Solar Projects Totaling 235 MW in Maharashtra

Increase in Operational Solar Capacity Takes Adani Green’s Revenue up by 4% in Q3 FY19

Adani Green Energy Limited (Adani Green), a part of Adani Group, today announced its financial performance for the nine months and third quarter ending December 31, 2018. The company announced ...
/ / Markets & Policy, Solar
Azure’s Petition before MERC Seeking Declaration of GST as Change in Law Dismissed

Adani Seeks to Purchase 700 MW of Solar Power With 350 MW Under Greenshoe Option

Adani Electricity Mumbai Limited has issued a Request for Selection (RfS) for the purchase of power from 350 MW of grid-connected solar projects on a long-term basis through a competitive ...
/ / Solar, Tenders & Auctions
Madhya Pradesh Electricity Commission Condemns Payment Delay by DISCOM to Adani Green

Madhya Pradesh Electricity Commission Condemns Payment Delay by DISCOM to Adani Green

The Madhya Pradesh Electricity Regulatory Commission (MPERC) has dismissed a review petition filed by Madhya Pradesh Power Management Company Limited (MPPMCL) seeking relief against an order issued by the commission for ...
/ / Markets & Policy, Solar
Tariffs in India Stabilize at Record Low of ₹2.44/kWh in SECI’s 3 GW Solar Auction

Solar Tariffs in India Remain Steady at ₹2.44/kWh in SECI’s 3 GW Auction

The Solar Energy Corporation of India (SECI) has auctioned 3 GW of Interstate Transmission System (ISTS)-connected solar photovoltaic (PV) in which ACME emerged as the lowest (L1) bidder by quoting ...
Adani Green Energy Starts Trading on the Bombay Stock Exchange

Adani Green Energy Starts Trading on Bombay Stock Exchange

Domestic renewable energy project developer, Adani Green Energy, has been listed on the Bombay Stock Exchange (BSE). According to the BSE filing, effective from June 18, 2018, the equity shares ...