Adani Green Registers a 57% YoY Rise in Revenue in Q1 FY2023

Adani Green Registers a 57% YoY Rise in Revenue in Q1 FY2023

Renewable energy company Adani Green Energy (AGEL) has generated revenue of ₹13.28 billion (~$168.72 million) from the sale of energy in the first quarter (Q1) of the financial year (FY) ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Adani Green Approves 20 Million Share Sale to Green Energy Investment

Daily News Wrap-Up: Adani Green Approves 20 Million Share Sale to Green Energy Investment

Here are some noteworthy cleantech announcements of the day from around the world: Adani Green Energy’s management team approved the allotment of 20 million equity shares worth ₹38.5 billion (~$497.08 ...
Daily News Wrap-Up: PGCIL Wins Transmission Project to Evacuate 8.1 GW of Solar Power

Daily News Wrap-Up: PGCIL Wins Transmission Project to Evacuate 8.1 GW of Solar Power

Power Grid Corporation of India Limited (PGCIL) was declared the winner under the tariff-based competitive bidding to establish a transmission system for evacuation of power from solar energy zones in ...
Adani Green Energy Subsidiaries Raise ₹6.12 Billion for Debt Refinancing

Adani Green Energy Subsidiaries Raise ₹6.12 Billion for Debt Refinancing

Three subsidiaries of Adani Green Energy (AGEL) – Adani Green Energy (UP), Prayatna Developers, and Parampujya Solar Energy have raised ₹6.123 billion (~$82.04 million) by their maiden domestic bond issuance ...
/ / Finance and M&A, Other
Adani Green Registers 47% YoY Increase in Cash Profits in 9M 2022

Adani Green Registers 47% YoY Increase in Cash Profits in 9M 2022

Renewable energy company Adani Green Energy (AGEL) has generated ₹26.55 billion (~$355.04 million) as revenue from power supply in the first nine months (9M) of the financial year (FY) 2022, ...
/ / Markets & Policy, Solar
India's Top Five Announced Solar Project Funding Deals of 2021 [Infographics]

India’s Top Five Announced Solar Project Funding Deals of 2021 [Infographics]

Project funding activity in 2021 exceeded pre-Covid-19 levels. A total of $6.69 billion was invested in the solar sector in the first nine months of 2021, a 400% increase compared to ...
/ / Mercom Research Focus, Other
Top Five Corporate Funding Deals of 2021 in the Indian Solar Market [Infographics]

Top Five Corporate Funding Deals of 2021 in the Indian Solar Market [Infographics]

The financing activity in 2021 has exceeded the pre-pandemic levels as the solar market in India has steadily recovered and is having one of its best years on record. A ...
/ / Mercom Research Focus, Other
Daily News Wrap-Up: Adani Green Signs PPA for 4.6 GW of Solar Projects with SECI

Daily News Wrap-Up: Adani Green Signs PPA for 4.6 GW of Solar Projects with SECI

Here are some noteworthy cleantech announcements of the day from around the world: Adani Green Energy Ltd (AGEL) has signed an agreement with the Solar Energy Corporation of India (SECI) ...
/ / Other, Renewable Energy
Daily News Wrap-Up: SECI Signs PSAs for 5.28 GW of Renewables to Date in FY 2022

Daily News Wrap-Up: SECI Signs PSAs for 5.28 GW of Renewables to Date in FY 2022

Here are some noteworthy cleantech announcements of the day from around the world: The Solar Energy Corporation of India (SECI) has signed power sale agreements (PSA) to supply 5.28 GW ...
/ / Other, Renewable Energy
Daily News Wrap-Up Adani Green Completes Acquisition of SB Energy India

Daily News Wrap-Up: Adani Green Completes Acquisition of SB Energy India

Here are some noteworthy cleantech announcements of the day from around the world: Adani Green Energy Limited (AGEL) has completed the acquisition of a 100% stake in SB Energy India ...
/ / Other, Renewable Energy
Daily News Wrap-Up Tata Power Solar to Build a 210 MW Solar Project for NTPC

Daily News Wrap-Up: Tata Power Solar to Build a 210 MW Solar Project for NTPC

Here are some noteworthy cleantech announcements of the day from around the world: Tata Power Solar has received a Letter of Award from NTPC to build a 210 MW solar ...
Adani Green to Acquire SB Energy’s 5 GW Renewable Assets for $3.5 Billion

Adani Green to Acquire SB Energy’s 5 GW Renewable Assets for $3.5 Billion

Adani Green Energy Limited (AGEL) has signed a share purchase agreement to acquire 100% stake in SB Energy India from Soft Bank Group (80%) and Bharti Group (20%). The transaction marks the ...
/ / Finance and M&A, Solar
Adani Green to Acquire a 50 MW Solar Project from SkyPower Global

Adani Green to Acquire a 50 MW Solar Project from SkyPower Global

Adani Green Energy Limited (AGEL) announced that it had signed a share purchase agreement to acquire a 100% stake in an SPV (Special Purpose Vehicle) holding a 50 MW operating ...
/ / Finance and M&A, Solar
Adani Green Secures $1.35 Billion Debt Financing For Its Renewable Energy Portfolio

Adani Green Secures $1.35 Billion Debt Financing For Its Renewable Energy Portfolio

In an important development, Adani Green Energy Limited (AGEL) has raised a $1.35 billion (~₹97.93 billion) debt package for its under-construction renewable asset portfolio, according to a press release. The ...
/ / Finance and M&A, Solar
Adani Green Posts 31% Revenue Growth YoY in Q3 FY 2021 as Solar Sales, Capacity Soar

Adani Green Posts 31% Revenue Growth YoY in Q3 FY 2021 as Solar Sales, Capacity Soar

Adani Green Energy Limited (AGEL) reported a 61% rise in total income in Q3 2021 compared to the same quarter the previous year. During the quarter, AGEL earned ₹8.43 billion ...
French Oil and Gas Major Total to Acquire 20% Stake in Adani Green

French Oil and Gas Major Total to Acquire 20% Stake in Adani Green for $2.5 Billion

Total, a French oil and gas major, has acquired a 20% minority interest in Adani Green Energy (AGEL)  from Adani Group. The two partners agreed to the acquisition of a ...
/ / Finance and M&A, Other
With New Solar Capacity Additions, Adani Green's Revenues Increases 15% in Q2 of FY 2021

With New Solar Capacity Additions, Adani Green’s Revenues Increases 15% in Q2 of FY 2021

Adani Green Energy Limited (AGEL), a part of the Adani Group, has released the financial results for the second quarter (Q2) of the financial year (FY) 2020-21. According to the ...
/ / Markets & Policy, Solar
Adani Green Expands its Joint Venture with TOTAL after Acquiring 205 MW of Solar Assets

Adani Green Expands its Joint Venture with TOTAL after Acquiring 205 MW of Solar Assets

Adani Green Energy Limited (AGEL) announced that it has added 205 MW of operational solar projects worth ₹16.32 billion (~$222.9 million) to the portfolio of its joint venture with French ...
Adani Green Completes Acquisition of 205 MW of Operational Solar Projects from Essel

Adani Green Completes Acquisition of 205 MW of Operational Solar Projects from Essel

Adani Green Energy Limited (AGEL) said it has completed the acquisition of 205 MW of operational solar assets in Punjab, Karnataka, and Uttar Pradesh from Essel Green Energy Private Limited ...
CERC Approves a Tariff of ₹2.69_kWh for Adani’s 600 MW of ISTS Solar-Wind Hybrid Projects

CERC Approves a Tariff of ₹2.69/kWh for Adani’s 600 MW of ISTS Solar-Wind Hybrid Projects

The Central Electricity Regulatory Commission (CERC) has approved a tariff of ₹2.69 (~$0.036)/kWh discovered by the Solar Energy Corporation of India (SECI) for 600 MW of wind-solar hybrid projects (Tranche ...
Newly Operational Projects Take Adani Green’s Revenue Up by 24% in FY 2020

Newly Operational Projects Take Adani Green’s Revenue Up by 24% in FY 2020

Adani Green Energy Limited (AGEL), the green energy wing of the Adani Group, announced that its revenue rose 24% to ₹25.49 billion (~$339.8 million) in the financial year (FY) 2020, ...
COVID-19 Impact_ Solar Module Manufacturer SunPower Halts Production Temporarily

COVID-19 Impact: Solar Module Manufacturer SunPower Halts Production Temporarily

Companies across the globe are trying hard to tackle the unprecedented economic crisis caused by the ongoing coronavirus pandemic. In one such case, a U.S. solar panel maker, SunPower Corp, ...
/ / Markets & Policy, Solar
Adani Green Enters into Joint Venture Agreement with Total Solar Singapore

Adani Green Enters into Joint Venture Agreement with Total Solar Singapore

Adani Green Energy Limited (AGEL), a Gujarat-based solar power developer, announced that it has entered into a joint venture with TOTAL Solar Singapore PTE Limited for about 2.1 GW of ...
Karnataka Commission Asks Kodangal Solar Park to Compensate for Commissioning Delay

Karnataka Commission Asks Kodangal Solar Park to Compensate for Commissioning Delay

The Karnataka Electricity Regulatory Commission (KERC) has dismissed Marikal Solar Parks Private Limited’s request to approve the date on which the second supplemental power purchase agreement (SPPA) was signed as ...
/ / Markets & Policy, Solar
Adani Green’s Profit for Q2 FY20 Reaches ₹10.2 Million

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 ...