Adani Group earmarks initial investment of $750 million to set up 500 MW wind farm in Sri Lanka

Adani Group is to make an initial investment of $750 million to set up a 500 MW wind farm in Sri Lanka and export power to India, apart from supplying it in the island nation. The farm would be set up by Adani Green Energy (AGEL), while another group company Adani Ports and SEZ (APSEZ) is looking to build strategic port infrastructure in nearby countries.

“We have put in proposal (with the government) for renewable energy as the northern part of Sri Lanka is blessed with strong wind resources, under which we intend to build a 500 megawatts wind farm in the first phase.