Adani Green Energy establishes dedicated subsidiary to drive growth in renewable energy segment

Adani Renewable Energy Holding Nine Ltd has formed a new wholly-owned subsidiary, Adani Green Energy Sixty Nine Ltd (AGE69L), to operate in the renewable energy sector. The subsidiary was incorporated on Friday by Adani Renewable Energy Holding Nine Ltd at Ahmedabad. AGE69L’s primary objective is to generate, develop, and distribute power from wind energy, solar energy, or other renewable sources. This move is aimed at expanding Adani Green Energy’s (AGEL) presence in the renewable energy space. The exact scope of AGE69L’s operations and projects will be determined in the coming days.