Connect with us

Hi, what are you looking for?

Image from

Clean Power

India’s Adani Green Energy To Buy 300 Megawatts of Operational Solar Projects

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

According to media reports, Adani Green Energy is looking to acquire a 250-megawatt solar power project from another Indian private renewable energy developer. The project is located in the northern state of Rajasthan and was commissioned by Hero Future Energies. The project has a long-term power purchase agreement with the Solar Energy Corporation of India at a tariff of Rs 2.53 (3.49¢) per kilowatt-hour. The transaction will reportedly be valued at around Rs 10 billion.

Hero Future Energies recently sold another 250-megawatt solar power project in Rajasthan to another project developer — O2 Power.

In a separate development, Adani announced that it will acquire a 75-megawatt solar power project in the southern state of Telangana. The project is owned by Sterling & Wilson, an EPC company. The project was commissioned in 2017 and has a long-term power purchase agreement with power distribution utilities of Telangana.

Adani has also acquired a 50-megawatt project in Telangana. The project was previously owned and commissioned by Toronto-based SkyPower Global. The Canadian firm was awarded this project through competitive auction and has a long-term power purchase agreement with the state’s power distribution utility.

With the acquisitions in Telangana, Adani has increased its operational renewable energy capacity to nearly 3.4 gigawatts with an additional 15.2 gigawatts at various stages of development.

Last year, Adani was involved in the largest-ever renewable energy transaction in India. French energy giant Total acquired a 20% stake in Adani Green Energy and a 50% stake in 2.35 gigawatts of operational assets of the company in a $2.5 billion deal.

Featured image courtesy of Adani Green Energy


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.


You May Also Like

Clean Power

Government-owned Hindustan Salts has invited bids for the development of 1 gigawatt of solar power capacity.  Hindustan Salts has floated a tender inviting developers...

Clean Transport

EVage is setting up micro factories to produce its Model.X delivery vans to help satisfy the burgeoning demand for electric 4-wheel delivery vehicles. The...

Clean Power

Welcome to another issue of our India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in...


Tesla’s move into India is currently on hold, Reuters reports, adding that Tesla has abandoned a search for a showroom space while reassigning some...

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.