Renewable Energy StoriesRenewable Energy Stories
  • Home
  • Solar News
    • Utility Scale
    • Rooftop Solar
    • Manufacturing
  • Other Renewables
    • Wind Energy
    • Biofuels
    • Hydro Power
    • Others
  • Storage
    • Lithium-Ion
    • Large Storage (100 kW+)
    • Small Storage
    • Battery Technology
  • Research
  • Finance
  • Events
  • Advertise
Facebook Twitter Instagram
India Edition | South East Asia Edition
Facebook Twitter LinkedIn
Renewable Energy StoriesRenewable Energy Stories
  • Home
  • Solar News
    • Utility Scale
    • Rooftop Solar
    • Manufacturing
  • Other Renewables
    • Wind Energy
    • Biofuels
    • Hydro Power
    • Others
  • Storage
    • Lithium-Ion
    • Large Storage (100 kW+)
    • Small Storage
    • Battery Technology
  • Research
  • Finance
  • Events
  • Advertise
Renewable Energy StoriesRenewable Energy Stories
Home » Qatar Investment Authority Buys $500Mn. stake in India’s Adani Green Energy
Solar News

Qatar Investment Authority Buys $500Mn. stake in India’s Adani Green Energy

By Saur News Bureau Tue, Aug 8th, 2023
Power n Sun & Tongwei Solar
Power n Sun & Tongwei Solar Enter into Strategic Partnership
Share
Facebook Twitter LinkedIn Pinterest Email

The Qatar Investment Authority (QIA), Qatar’s sovereign wealth fund, has bought a 2.7% stake in Adani Green Energy, a renewable energy Indian behemoth owned by Adani Group, in a $500 million block deal recently. 

As per reports, before the deal, Adani Green Energy’s shares fell nearly 12.4% to hit a low of 886.2 Indian rupees ($10.71) on the Bombay Stock Exchange (BSE). 

The shareholding data available with the exchange revealed that the promoter and promoter group hold a 56.27% stake in the firm, while the rest is with the public as of June 30, 2023. 

In the year 2020, QIA bought a 25.1% share in AEML Adani Electricity Mumbai Ltd., a subsidiary of Adani Energy Solutions Ltd, India’s energy distribution company, as per the report. 

Adani Green Energy has one of the largest global renewable portfolios with an overall locked-in portfolio of 20.4 GW, including operating, under construction, and awarded projects catering to investment-grade counterparties. 

Adani Green Energy’s consolidated net profit for the June quarter was reported to rise 51 percent year-on-year (YoY) to Rs 323 crore as compared to Rs 214 crore in the same quarter last year. At the same time, the revenue from operations jumped 33 percent to Rs 2,176 crore for the June quarter, compared with Rs 1,635 crore in the corresponding period of last year. 

Adani Green Energy Qatar Investment Authority
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Saur News Bureau
  • Website

Related Posts

450MW Solar Trackers Headed to Duqm for Green Hydrogen Project

June 12, 2025

DEWA Solar Park Adds 800 MW Power, Capacity Hits 3.86 GW

June 10, 2025

Clean Energy Funding In Middle East Set To Rise: IEA

June 9, 2025

Leave A Reply Cancel Reply

thirteen − two =

Latest News
  • L&T to Build New Power Grid Systems in the Middle East
  • 450MW Solar Trackers Headed to Duqm for Green Hydrogen Project
  • Ducab Plans to Recycle More Metals as Demand Grows
  • DEWA Solar Park Adds 800 MW Power, Capacity Hits 3.86 GW
  • Clean Energy Funding In Middle East Set To Rise: IEA
Solar News

450MW Solar Trackers Headed to Duqm for Green Hydrogen Project

June 12, 2025

DEWA Solar Park Adds 800 MW Power, Capacity Hits 3.86 GW

June 10, 2025

Clean Energy Funding In Middle East Set To Rise: IEA

June 9, 2025

LONGi, POWERCHINA To Supply Modules For Oman Solar Project

June 9, 2025
ADVERTISE WITH US

We are the no.1 B2B solar media in India. With SaurEnergy, you have a full menu of options to pick from to reach the largest audience for your products and services.

To get in touch, contact us at info[at]saurenergy.com

Or Call at 9891147599 / 8802315631

Facebook Twitter Instagram YouTube LinkedIn WhatsApp
Latest News
  • L&T to Build New Power Grid Systems in the Middle East
  • 450MW Solar Trackers Headed to Duqm for Green Hydrogen Project
  • Ducab Plans to Recycle More Metals as Demand Grows
  • DEWA Solar Park Adds 800 MW Power, Capacity Hits 3.86 GW
  • Clean Energy Funding In Middle East Set To Rise: IEA
SAURENERGY NEWSLETTER

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

    [mc4wp_checkbox]

    © 2025 Saurenergy International.

    Type above and press Enter to search. Press Esc to cancel.

    Newsletter Subscription

      [mc4wp_checkbox]