Essel Group sells under construction solar energy portfolio to Adani Green Energy

The Essel Group has signed an agreement to sell its 480 MW under-construction solar energy portfolio to Adani Green Energy Limited. The company had earlier sold 205 MW of its operational solar energy portfolio to the Adani Group for Rs 13 billion in August 2019. The sale of its solar energy assets is part of the Essel Group’s plan to reduce debt and repay lenders.