Adani Green Energy enters deal with Hindustan Cleanenergy Ltd and Peridot Power Ventures for 20 MW solar project
Adani Green Energy Ltd (AGEL) has entered into an agreement with Hindustan Cleanenergy Ltd and Peridot Power Ventures Ltd to acquire Spinel Energy & Infrastructure Ltd (SEIL), a holding company that owns a 20 MW operating solar photovoltaic project located in Uttar Pradesh in India.
The project was built in Mahoba and has been in operation since October 2017 for an INR7.54 per kWh (US$103.37 per MWh).
The deal is acquired for an enterprise value of INR1.33 billion (US$18.23 million). The transaction is expected to close by February.
Country updates
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January 26, 2021
Floating Omkareshwar solar project targets commissioning by 2022/23
The world's largest floating solar photovoltaic project with a generating capacity of 600 MW is targetted to be operational by the year 2022-2023 in India. The project will be built at Omk...
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January 26, 2021
AGEL receives LOA for 600 MW Wind-Solar Hybrid Power Project
Adani Renewable Energy Holding Eight Limited (AREHEightL), a wholly-owned subsidiary of Adani Green Energy Limited (AGEL) has secured the Letter of Award (LOA) to set-up a 600 MW Wind-Solar Hybrid Pow...
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January 26, 2021
Adani Group commissions 25 MW solar project in Uttar Pradesh
Adani Green Energy Ltd, a unit of Adani Group, has started the commercial operation of its 25 MW solar photovoltaic farm located at Chitrakoot in the state of Uttar Pradesh in India. Adani...
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January 25, 2021
Adani Green Energy starts operation of 100 MW solar project in Gujarat
Adani Solar Energy Kutchh Two Pvt Ltd, a unit of Adani Green Energy Ltd, has started the commercial operation of its 100 MW solar photovoltaic project in Gujarat ahead of its scheduled commission...
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January 13, 2021
Tata Power to develop 110 MW solar project in Kerala
Tata Power has received a Letter of Award from Kerala State Electricity Board Limited (KSEBL) on 6th January 2021 to develop a 110 MW solar project. The energy will be supplied to KSEBL under a Power...
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