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Adani Green Energy incorporates two new step-down subsidiaries to expand renewable energy portfolio
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The clean energy major said the newly incorporated entities will focus on power generation through renewable energy sources as it strengthens its green energy platform
Representational Image | Credits: Adani Green Energy
Adani Green Energy Ltd (AGEL) on Thursday announced incorporation of step-down subsidiaries for generating power using clean energy sources.
The new entities have been incorporated by its wholly-owned subsidiary Adani Renewable Energy Sixty Four Limited (ARE64L), AGEL informed the exchanges.
ARE64L Step-One Renewable Energy Limited (ARE64S1L) and ARE64L Step-Two Renewable Energy Limited (ARE64S2L) have been incorporated for generation of power using renewable sources of energy, the company said.
Part of the Adani Group, Adani Green Energy Ltd develops, owns, and operates utility scale grid-connected solar, wind, hybrid and energy storage solutions