Adani Green Energy on Thursday said it has completed the acquisition of 205 mega watt (MW) operating solar energy assets from Essel Green Energy and Essel Infraprojects.
On August 29, 2019, Adani Green Energy (AGEL) announced it would acquire 10 solar energy assets with a total generating capacity of 205 MW from Essel Green Energy and Essel Infraprojects for ₹1,300 crore.
“The assets are located in Punjab, Karnataka and Uttar Pradesh. All the assets have long-term power purchase agreements (PPAs) with various state electricity distribution companies. The portfolio is relatively young with average remaining PPA life of approximately 21 years,” AGEL said in a regulatory filing.
