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Adani Green withdraws from two wind projects in Sri Lanka

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Adani Green Energy, part of India’s Adani Group, has decided to withdraw from two proposed wind power projects in Sri Lanka due to financial challenges. The decision follows recent discussions with the Sri Lankan government regarding the reduction of power generation costs. Sri Lanka’s capital, Colombo, had aimed to lower the cost of power to $0.06 per kilowatt hour, down from the initial $0.08. However, Adani Green Energy deemed the projects “financially unviable” in light…

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Adani Group refutes claims of PPA revocation with Sri Lanka

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Adani Group has confirmed that its power purchase agreement (PPA) with the Sri Lankan government for wind power projects remains intact, countering a report by AFP that suggested its cancellation. According to Reuters, despite recent reviews by Sri Lankan authorities, the agreement involving Adani’s 484MW wind power projects in Mannar and Pooneryn is unaffected. The Sri Lankan government has been reviewing Adani’s local projects following allegations from US authorities in November 2024, claiming that Gautam…