Connect with us

Hi, what are you looking for?

CleanTechnica
One of India's leading conglomerates, Adani Enterprises, has announced plans to demerge the company's renewable energy arm and list it at the stock exchanges.

Green Economy

Adani Plans Demerger, IPO For Renewable Energy Arm

One of India’s leading conglomerates, Adani Enterprises, has announced plans to demerge the company’s renewable energy arm and list it at the stock exchanges.

One of India’s leading conglomerates, Adani Enterprises, has announced plans to demerge the company’s renewable energy arm and list it at the stock exchanges.

The board of Adani Enterprises recently announced that it will demerge Adani Green Energy in an attempt to simplify the overall business structure of the group. The group already has a separate company for the conventional power assets — Adani Power — which also operates one of the largest thermal power plants in India.

The listing of Adani Green Energy would give access to potential shareholders to one of India’s largest renewable energy companies. Adani Green Energy would likely inherit a portfolio of 2.1 gigawatts of renewable energy capacity from the parent company post-demerger. This includes India’s largest solar power project that is currently under construction in Tamil Nadu. Of the planned 648 megawatts of capacity, the company has so far commissioned 216 megawatts.

The company is also working on the largest tracker-equipped solar power project in India. The 105 megawatt project is likely to be commissioned soon in the state of Punjab.

Adani Enterprises is also the largest solar module and cell manufacturer in India with an installed production capacity of 1,200 megawatts. It recently signed an agreement with China’s East Hope industrial group for partnership in solar modules and cells production.

Adani Green Energy has been participating rather aggressively in the recent wind as well as solar power auctions. The company has also auctioned projects at its own solar power park in Rajasthan which yielded the lowest tariffs ever.

The parent hopes to complete the demerger process by the first quarter of 2018. Each shareholder of Adani Enterprises will receive 761 new equity shares of Adani Green Energy for every 1,000 shares held in the parent company.


Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Clean Power

One of India’s largest renewable energy generation companies, Adani Green Energy, has reported stellar financial performance during the first quarter of this year. According...

Clean Power

Originally published at Future Trends. Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news...

Clean Power

Continuing its aggressive growth, one of India’s leading renewable energy companies — Adani Green Energy — has plans to acquire two large-scale solar power...

Clean Power

Originally published on Future Trends. Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.