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Adani Green Acquires 50 MW SkyPower Solar Project (M&A, Int'l.)
Adani Green Energy,SkyPower
Date: 2021-03-22
Ahmedabad, Gujarat, India-headquartered renewable energy developer Adani Green Energy Ltd. is reporting a share purchase agreement for a 100 pct stake in a special purpose vehicle (SPV) holding 50 MW operating solar project from Toronto-based SkyPower Global. The 2017-vintage project located in Telangana , India, has a long-term PPA with the Southern Power Distribution Company of Telangana.

The acquisition, which is subject to the customary approvals and conditions, helps AGEL raise its operating renewable capacity to 3,395 MW with a total renewable portfolio of 14,865 MW including under-construction and awarded projects.

Adani Green Energy Ltd., which develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects, reports it raised $1.35 billion from 12 top global banks in funding for its under-construction renewable asset portfolio that Adani aims to grow to 25 GW by 2025. (Source: Adani Green Energy Ltd., PR, Hindu Business, 20 Mar., 2021) Contact: Adani Green Energy Ltd. , Vneet Jaain, MD & CEO , Tel : +91 79 2656 5555 , Fax : +91 79 2555 6490, www.adanigreenenergy.com; SkyPower Global, (416) 979 4625, info@skypower.com, www.skypower.com

More Low-Carbon Energy News Adani Green Energy news,  Solar news,  SkyPower news,  

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