Adani Consolidates Renewable Energy Arm with Merger of Two Subsidiaries
Adani Group merges two subsidiaries with Adani New Industries Ltd to strengthen its renewable energy portfolio, including green hydrogen and wind turbine manufacturing.
Adani GroupRenewable EnergyGreen HydrogenWind Turbine ManufacturingSolar EnergyReal EstateOct 02, 2024
Adani Infrastructure and Developers operates as a real estate company, constructing and developing thermal and solar power projects, as well as providing engineering, techno-commercial, project management, and control services.
Mundra Solar Technology, which is less than three years old, is involved in the production, collection, and distribution of electricity. The merger is expected to strengthen ANIL's position in the renewable energy sector, particularly in green hydrogen and wind turbine manufacturing.
ANIL, a subsidiary of Adani Enterprises Ltd, undertakes low-carbon projects, including green hydrogen projects, manufacturing of wind turbines, and solar modules batteries. The company serves energy and utilities, transportation, logistics, and incubation sectors worldwide.
As per a July note by CARE Ratings Ltd, Adani has an operational facility for manufacturing 4 GW of solar PV modules with backward integration capacity of 4 GW of solar PV cells and 2 GW of ingot and wafer, and the wind turbine generator (WTG) manufacturing facility under the wind segment.
ANIL is reportedly setting up facilities to produce solar glass, aluminium frames, and backsheets -- key parts for its existing solar cell and module manufacturing. French energy giant TotalEnergies holds a 25 per cent equity stake in ANIL, while Adani Enterprises Ltd holds the remaining.
The merger is expected to enhance ANIL's capabilities in the renewable energy sector and strengthen its position as a leading player in the industry.
About Adani Enterprises Ltd
Adani Enterprises Ltd is the flagship company of the Adani Group, a multinational conglomerate with interests in energy, resources, logistics, and more.
About TotalEnergies
TotalEnergies is a French multinational energy company that produces and markets fuels, natural gas, and low-carbon electricity.
Frequently Asked Questions
What is the name of the company that Adani Group has merged with Adani New Industries Ltd?
Adani Infrastructure Private Limited and Mundra Solar Technology Limited
What is the business of Adani Infrastructure and Developers?
Adani Infrastructure and Developers operates as a real estate company, constructing and developing thermal and solar power projects, as well as providing engineering, techno-commercial, project management, and control services.
What is the name of the French energy giant that holds a 25% equity stake in Adani New Industries Ltd?
TotalEnergies
What is the expected outcome of the merger between Adani Infrastructure Private Limited, Mundra Solar Technology Limited, and Adani New Industries Ltd?
The merger is expected to strengthen ANIL's position in the renewable energy sector, particularly in green hydrogen and wind turbine manufacturing.
What is the operational capacity of Adani's solar PV module manufacturing facility?
4 GW of solar PV modules with backward integration capacity of 4 GW of solar PV cells and 2 GW of ingot and wafer
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