Adani Green Energy Limited (AGEL) has acquired a 100 per cent equity stake in Spinel Energy and Infrastructure from Hindustan Cleanenergy Limited and Peridot Power Ventures Limited. …
This acquisition of 100 per cent of the share capital and securities of Spinel Energy and Infrastructure will add 20 MW to the existing capacity of AGEL and help in expanding its network to meet the targeted decarbonisation plan. This acquisition is a part of the overall growth strategy of AGEL to build a capacity of 25 GW by 2025.