{"id":439509,"date":"2021-10-01T09:19:24","date_gmt":"2021-10-01T03:49:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=439509"},"modified":"2021-10-01T10:15:58","modified_gmt":"2021-10-01T04:45:58","slug":"adani-green-energy-ltd-arm-to-acquire-40-mw-solar-asset-in-odisha","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-green-energy-ltd-arm-to-acquire-40-mw-solar-asset-in-odisha\/","title":{"rendered":"Adani Green Energy Ltd arm to acquire 40 MW solar asset in Odisha"},"content":{"rendered":"<p>Adani NSE -1.97 % Renewable Energy (MH) has inked pact with Essel Green Energy to acquire a 40 MW operating solar project in Odisha. Adani Renewable Energy (MH) Limited (AREMHL), a wholly-owned subsidiary of Adani Green Energy NSE 0.55 % Ltd (AGEL), has signed definitive agreements with Essel Green Energy to acquire 100 per cent economic value in an SPV that owns 40 MW operating solar project in Odisha, a company statement said.<\/p>\n<p>The project has a long-term power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for Rs 4.235 per unit, with remaining PPA life of about 22 years. <\/p>\n<p>The closing of the transaction is subject to customary conditions. The acquisition of the project is at an enterprise valuation of Rs 219 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani NSE -1.97 % Renewable Energy (MH) has inked pact with Essel Green Energy to acquire a 40 MW operating solar project in Odisha. Adani Renewable Energy (MH) Limited (AREMHL), a wholly-owned subsidiary of Adani Green Energy NSE 0.55 % Ltd (AGEL), has signed definitive agreements with Essel Green Energy to acquire 100 per cent economic value in an SPV that owns 40 MW operating solar project in Odisha, a company statement said. The project has a long-term power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for Rs 4.235 per unit, with remaining PPA life of about [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-439509","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=439509"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439509\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=439509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=439509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=439509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}