Adani Wind Power Project Secures Approval From Sri Lanka

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Adani Green Energy Limited, one of the leading renewable energy companies in India, has recently secured the green light for its $442 million wind power project from the government of Sri Lanka. The project, which will be carried out by a joint venture between Adani Green Energy and a local firm, will have a total capacity of 140 MW and will be set up in the Mannar district in northwestern Sri Lanka.

This project marks Adani Green Energy’s first foray into the Sri Lankan renewable energy market and represents a significant milestone for the company. The venture is expected to provide significant economic and environmental benefits to Sri Lanka, creating employment opportunities and contributing to the country’s ongoing efforts to reduce its dependence on fossil fuels and transition to clean energy sources.

The wind power project will be developed, built, and operated by the joint venture business, which is 51% owned by Adani Green Energy and 49% held by a local partner. Under a 20-year power purchase agreement, the power generated by the wind turbines will be sold to the Ceylon Electricity Board, Sri Lanka’s state-owned energy supplier.

Sri Lanka is making tremendous progress in the renewable energy industry, with the government aiming to generate 70% of its electricity from renewable sources by 2030. The Sri Lankan government has also implemented a number of policies and efforts to encourage the growth of renewable energy projects in the nation.

In an effort to address the country’s energy deficit and transition towards more sustainable sources of power, Sri Lanka has been actively seeking foreign investment in renewable energy. Adani Green’s project is a significant contribution towards this goal, and is expected to create job opportunities and boost economic growth in the region.

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