AGEL arm acquires 40 MW solar asset in Odisha

Adani Renewable Energy (MH) has acquired a 40 MW operating solar project in Odisha. “Adani Renewable Energy (MH) Energy Limited, a wholly-owned subsidiary of Adani Green Energy NSE 0.80 % Limited, has completed acquisition of 100% of the share capital and all the securities of Vento Energy Infra Private Limited from Essel Green Energy Limited,” as per a regulatory filing.

Earlier in the day, the company had said Adani Renewable Energy (MH) Limited (AREMHL), a wholly-owned subsidiary of Adani Green Energy Ltd (AGEL), has signed definitive agreements with Essel Green Energy to acquire 100 per cent economic value in an SPV that owns a 40 MW operating solar project in Odisha.