Adani inks pact with Essel Green for 40 MW solar project in Odisha

01 Oct 2021 CW Team

Adani Renewable Energy has signed an agreement with Essel Green Energy to acquire a 40 MW operational solar project for Rs 2.9 billion in Odisha.

The solar power project is based on a long-term power purchase agreement (PPA) of 22 years with Solar Energy Corporation of India (SECI) for a tariff of Rs 4.23 per kWh.

After the acquisition, Adani Renewable Energy's portfolio would stand at 19.8 GW. From the total, 5.4 GW power capacity is operational, 5.7 GW capacity is under construction, and the remaining 8.7 GW are in the pipeline.

Managing Director and Chief Executive of Adani Green Energy, Vneet S Jaain, told the media that the company is focused on opportunities to create value for shareholders, along with environment-friendly green energy in India. With this solar project acquisition of 40 MW, AGEL will have its footprints across 12 states in the country. The company is on a growth path to become the world's largest renewable sector by 2030.

Adani Green had signed a share purchase agreement in May to acquire a 100% stake in SB Energy India from SoftBank Group and Bharti Group. The renewable portfolio of SB Energy India is 4,954 MW, spread across four states.

AGEL would acquire 75 MW operational solar assets at a tariff for Rs 4.46 billion in Telangana from Sterling and Wilson, said the sources.

Adani's solar projects acquisition was higher in the second quarter (Q2) of 2021 of 24 GW, compared to 14.6 GW in the previous quarter. In Q2 2021, project developers and independent power producers were the most active, raising the capacity by 13.3 GW.

Image Source

Also read: Adani Group, RIL and 17 other companies bid for making solar modules

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..