Adani Sells 25.10% Stake in AEML to Qatar Investment Authority Updated On Tue, Feb 11th, 2020 by Saurenergy Adani Transmission has announced that the Qatar Investment Authority has completed the acquisition of a 25.10 percent stake in AEML Adani Transmission Limited (ATL) has announced that Qatar Investment Authority (QIA) has completed the acquisition of a 25.10 percent stake in Adani Electricity Mumbai Limited (AEML) from ATL along with an investment in shareholders subordinated […] Read more
The Total-Adani Deal- Impact on Indian Solar Sector Updated On Fri, Feb 7th, 2020 by Saurenergy The announcement yesterday of a proposed JV between Total Total SA, the french energy major, and Adani Green Energy, the renewable energy arm of the Adani Group, for $510 million (approx Rs 3600 crores) is, to put it mildly, a surprise. After all, while not dire, the sector today faces multiple pressure points, the latest […] Read more
Total to Buy 50% Stake in Adani’s Solar Portfolio for About USD 510 Mn Updated On Thu, Feb 6th, 2020 by Saurenergy In a bid to extend its long term partnership to renewables portfolio, Adani Group on Thursday entered into binding agreement to sell its half of the stake in solar energy assets for about USD 510 million to Total Gas & Power Business Services SAS (Total). As per the deal, Total will acquire 50 percent stake […] Read more
Adani Green Energy Posts 35% Increase in Revenue in First 9 Months of FY20 Updated On Tue, Feb 4th, 2020 by Saurenergy Adani Green Energy has announced its financial results for the first 9 months, reporting revenue from operations of Rs 1852 crore, a 35% growth YoY Adani Green Energy (AGEL), a part of the Adani Group, has announced its financial results for the first 9 months of FY 20 and quarter ended December 31, 2019. And […] Read more
Adani Green Energy Subsidiary Bags 700 MW Solar-Wind Capacity in Maharashtra Updated On Tue, Jan 28th, 2020 by Saurenergy Rosepetal Solar Energy (RSEPL), a wholly-owned subsidiary of Adani Green Energy has been awarded 700 MW solar-wind hybrid capacity by AEML in Maharashtra Rosepetal Solar Energy (RSEPL), a wholly-owned subsidiary of Adani Green Energy Limited (AGEL) has been awarded 700 MW solar-wind hybrid capacity by the Adani Electricity Mumbai Limited (AEML) after the state commission […] Read more
Gautam Adani Commits To Audacious Solar Ambition Updated On Thu, Jan 23rd, 2020 by Saurenergy Weeks after yet another ‘win’ in Australia, where the group has made a significant commitment to develop coal mines despite stiff resistance for its energy requirements in India, Gautam Adani, the founder of the group, chose to make a statement. In what is perhaps a signal for the market on the group’s future priorities in […] Read more
Adani & Azure Winners in SECI’s Manufacturing-Linked Solar Tender Updated On Sat, Jan 18th, 2020 by Saurenergy Adani Green Energy and Azure Power have emerged as the successful bidders in SECI’s first manufacturing-linked solar tender Adani Green Energy and Azure Power have emerged as successful bidders in Solar Energy Corporation of India’s (SECI’s) first manufacturing-linked solar tender, a top government official has confirmed. Adani has bid for 1.5 GW solar cell manufacturing capacity and 6 GW generation capacity, MNRE Secretary […] Read more
Efficiency in Focus as MERC Declines Adani Plea On RE Pricing for Mumbai Updated On Mon, Jan 13th, 2020 by Saurenergy The Maharashtra Electricity Regulation Commission, in its order dated January 8 has disposed of the plea by Adani Electricity Mumbai Limited (AEML) on tariff for the renewable energy it planned to purchase to meet the city’s RPO obligations and broader energy needs. The plea by AEML, which pitched for sourcing 700 MW of RE power […] Read more
Adani Green’s Arm Commissions 75MW Wind Project; Shares Hit 52Wk High Updated On Thu, Jan 2nd, 2020 by Saurenergy Ahmedabad headquartered Adani Green Energy Ltd (AGEL) said that it has commissioned new 75 MW wind energy project through its subsidiary Adani Renewable Energy. The project has been commissioned under the 25 year PPA with Maharashtra Discom MSEDCL at a tariff of Rs 2.85/kWh. The company said in a filing to the stock exchanges that […] Read more
