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 3 entities from Inox Green Energy Services Limited (IGESL).

The 3 entities are Wind One Renergy Limited, Wind Three Renergy Limited and Wind Five Renergy Limited. These entities have commissioned 50 MW each, out of the total 250 MW which the company had successfully won under the Tranche 1 of Solar Energy Corporation of India Limited’s (SECI -1) bids for wind power projects at Dayapar, Gujarat connected on the central grid. It had won 250 MW in SECI Tranche 1 auction 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.

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