Adani Green Arm Seals Hybrid Power Deal with Asahi India Glass for 20.8 MW
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CNBC TV18•07-01-2026, 20:34
Adani Green Arm Seals Hybrid Power Deal with Asahi India Glass for 20.8 MW
- •Adani Green Energy's subsidiary, Adani Green Energy Twenty Five B Ltd, will supply 20.8 MW hybrid power to Asahi India Glass (AIS).
- •The renewable power will come from a 25 MW solar and 20.8 MW wind unit located at Khavda, Gujarat.
- •An investment agreement for captive generation was signed on January 7, 2026, requiring AIS to subscribe to a minimum 26% equity.
- •Upon completion, Adani Renewable Energy Holding Four Ltd (AREH4L) will hold 98.78% equity, and AIS 1.22% with voting rights.
- •The deal is not a related-party transaction; Adani Green shares ended marginally lower, while AIS shares rose.
Why It Matters: Adani Green secures a significant hybrid power supply deal with Asahi India Glass, boosting renewable energy.
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