Adani Green Energy completes acquisition of 3 entities from Inox Green Energy Services

Adani Green Energy Limited (AGEL) has completed the acquisition of 100 per cent equity share capital of three entities from Inox Green Energy Services Limited (IGESL). The entities are Wind One Renergy Li­mited, Wind Three Renergy Limited and Wind Five Renergy Limited. They have commissioned 50 MW each, out of the total 250 MW that the company had successfully won under Tranche 1 of the Solar Energy Cor­poration of India’s bids for wind power projects at Dayapar, Gujarat, connected to the central grid. It had won this capacity at a fixed tariff of Rs 3.46 per unit for 25 years, for sale to PTC India. IGESL has sold its entire 100 per cent shareholding in the three entities for a cash consideration of Rs 100,000 each.