ADANIGREEN

April 1 (Reuters) - Ambuja Cements Ltd ABUJ.NS:

• AAHL, BLINKIT LAUNCH INDIA’S FIRST IN-TERMINAL QUICK COMMERCE SERVICE AT MUMBAI AIRPORT- STATEMENT

Source text: [ID:]

Further company coverage: ABUJ.NS

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March 30 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• ADANI GREEN ENERGY - VIA ITS UNITS COMMERCIALLY OPERATIONALIZED 951 MW POWER PROJECTS AT BAIYA, RAJASTHAN AND KHAVDA, GUJARAT

Source text: ID:nBSE55h82h

Further company coverage: ADNA.NS

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March 23 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• ADANI GREEN ENERGY- THROUGH ITS VARIOUS UNITS OPERATIONALIZED ABOUT 510.1 MW POWER PROJECTS AT KHAVDA, GUJARAT

• ADANI GREEN ENERGY LTD - AGEL TOTAL OPERATIONAL RENEWABLE GENERATION CAPACITY INCREASES TO 17,982.3 MW

• ADANI GREEN ENERGY LTD - AGEL COMMENCES POWER GENERATION FROM NEW PLANTS ON MARCH 22, 2026

Source text: ID:nBSE92Xc49

Further company coverage: ADNA.NS

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Feb 25 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• INCORPORATED SUBSIDIARY ADANI RENEWABLE ENERGY MIDDLE EAST

Source text: ID:nBSE9xgBV2

Further company coverage: ADNA.NS

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Feb 17 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• ADANI GREEN ENERGY LTD - RENEWABLE ENERGY INCORPORATES SKYSPIN ENERGY LIMITED

Source text: ID:nNSE10hHgZ

Further company coverage: ADNA.NS

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Feb 2 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• ADANI GREEN ENERGY LTD - CLARIFIES ON REPORT ADANI GROUP PLANS TO RAISE $2 BILLION FROM JAPANESE MARKETS

• ADANI GREEN ENERGY - CO KEEPS ON EXPLORING AND EVALUATING VARIOUS FINANCING / RE-FINANCING AND FUNDRAISING OPPORTUNITIES

Source text: ID:nBSE9tK4JP

Further company coverage: ADNA.NS

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Jan 30 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• GAUTAM ADANI AND SAGAR ADANI HAVE TAKEN PROCEDURAL STEPS, INTEND TO MOVE TO DISMISS SEC’S COMPLAINT OR FILE RESPONSIVE PLEADINGS

Source text: ID:nBSEbY7HMY

Further company coverage: ADNA.NS

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Refiles to remove extraneous characters from start of headline

By Arpan Chaturvedi

NEW DELHI, Jan 22 (Reuters) - The U.S. Securities and Exchange Commission has asked a U.S. court for help in serving summonses upon Indian billionaire Gautam Adani and group executive Sagar Adani over alleged fraud and a $265 million bribery scheme, filings show.

India, the SEC said, has previously refused its two procedural requests to serve the summonses for its civil case.

In a high-profile legal case in the U.S. involving an Indian conglomerate, the SEC has been trying to send summonses to Adani group founder Gautam Adani and his nephew Sagar since last year.

Adani group has called the allegations "baseless" and said that it would seek "all possible legal recourse" to defend itself. It did not immediately respond to Reuters' request for comment on the latest SEC filing, dated January 21.

Serving a summons is often routine, but the SEC said India's law ministry had refused two requests to have its summonses served on the Adanis.

The regulator asked a judge to instead let it serve the summonses on the Adanis' U.S.-based lawyers, and email copies to the Adanis.

U.S. civil procedural rules allow this method of service, the SEC said. "Given defendants’ actual knowledge of this litigation -- demonstrated by public statements, regulatory filings, and retention of U.S. counsel -- email service to their business addresses will provide effective notice," the SEC added.

India's law ministry also did not immediately respond to a Reuters' request seeking comment on the latest filing. It has previously described the issue as a legal issue between private firms and the United States.

ALLEGED SCHEME TO BRIBE INDIAN OFFICIALS

U.S. authorities in November 2024 accused Adani group executives of being part of a scheme to pay bribes to Indian officials for buying electricity produced by Adani Green Energy ADNA.NS, a unit of the Adani group. The SEC filed a civil case against Gautam Adani and Sagar Adani, which is separate from the U.S. Department of Justice's criminal indictment against the Adanis and several other defendants. The Justice Department case remains open, court records show.

The SEC complaint says the executives also misled U.S. investors by providing information about the company's anti-graft practices.

The two rejections by India to serve the summons, the SEC filing said, were based on procedural reasons, such as signature and seal requirements, none of which it said is needed in summons sent to individuals in another country under the international treaties of the Hague Convention.

In its second rejection in December last year, the court filing added that India's law ministry appeared to raise doubts about the SEC's authority to request service of summons.

"These responses demonstrate that further attempts through the Hague Convention are unlikely to succeed," the SEC filing said.

Ties between India and the U.S. have deteriorated over U.S. President Donald Trump's imposition of tariffs.

(Reporting by Arpan Chaturvedi; Editing by Barbara Lewis and Daniel Wallis)

((Arpan.Chaturvedi@thomsonreuters.com;))

Jan 16 (Reuters) - KPI Green Energy Ltd KPIG.NS:

• RECEIVES ORDERS FROM ADANI GREEN ENERGY

Source text: ID:nNSEbnpXsB

Further company coverage: KPIG.NSADNA.NS

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Jan 15 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• MOODY'S: AFFIRMED BAA3 SENIOR SECURED RATINGS OF ADANI TRANSMISSION STEP-ONE, ADANI ELECTRICITY MUMBAI

• MOODY'S: CHANGED OUTLOOK ON ALL RATINGS TO STABLE FROM NEGATIVE FOR ATSOL, AEML

Source text: ID:nMDY3dGyxq

Further company coverage: ADNA.NS

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Jan 12 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• 2,995 MW GREENFIELD CAPACITY ADDED IN 9M FY26

Source text: ID:nBSE4Z1q2P

Further company coverage: ADNA.NS

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Jan 7 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• ADANI GREEN ENERGY - UNIT INCORPORATED WHOLLY-OWNED SUBSIDIARY ADANI ECOGEN SEVEN

Source text: ID:nBSEqkwpK

Further company coverage: ADNA.NS

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Dec 31 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• UNIT INCORPORATES SUBSIDIARY ADANI ECOGEN FOUR LIMITED

Source text: ID:nNSE5tFJjW

Further company coverage: ADNA.NS

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Corrects to say target is to take total debt on book to 1 trillion rupees by 2030, and not raise 1 trillion rupees by 2030

Nov 28 (Reuters) - India's Adani Group targets to take total debt on book to 1 trillion rupees ($11.18 billion) by 2030, Chief Financial Officer Jugeshinder Singh told reporters on Friday.

($1 = 89.4520 Indian rupees)

(Reporting by Dhwani Pandya and Khushi Malhotra in Mumbai, writing by Hritam Mukherjee in Bengaluru)

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Corrects September 29 story to state TotalEnergies would focus its renewables holdings on three primary regions, not that it would divest all holdings outside those areas

PARIS, Sept 29 (Reuters) - TotalEnergies TTEF.PA plans to focus its renewable power holdings on the United States, Brazil and Europe, the company's gas, renewables and power president Stephane Michel said on Monday at Investor Day in New York.

Currently, roughly 25% of the French oil major's operational renewables portfolio comes from its joint ventures with Indian conglomerate Adani, as well as a direct stake in Adani Green Energy Limited.

Total CEO Patrick Pouyanne said that Adani Green Energy Limited was a good company that was growing, but that Total didn't plan to grow its green portfolio with Adani in future.

"I would be very happy to sell my stake in Adani Green," Pouyanne said, adding he had bought the stake for around $2 billion and it was now worth around $8 billion.

(Reporting by America Hernandez. Writing by Makini Brice. Editing by Mark Potter)

((M.Brice@thomsonreuters.com;))

Oct 10 (Reuters) - The U.S. Securities and Exchange Commission said that Indian authorities have not yet effected its requests to serve summons or complaints to Adani Group executives over alleged securities fraud and a $265-million bribery scheme, a court filing showed on Friday.

(Reporting by Kanjyik Ghosh in Barcelona; Editing by Louise Heavens)

((Kanjyik.Ghosh@thomsonreuters.com;))

Adds company comment in paragraphs 6-7, detail in paragraphs 9-10

By Sarita Chaganti Singh and Sethuraman N R

NEW DELHI, Oct 1 (Reuters) - A deal by Adani Green Energy ADNA.NS to provide solar power that is already subject to a U.S. bribery investigation, faces a further challenge as its main buyer, the southern state of Andhra Pradesh, has asked for guarantees that transmission charges will be waived, three sources with knowledge of the matter said.

The transmission fee, which could increase the cost of the solar power by around 40%, is mandated by federal law, meaning waiving it would be problematic.

Since April, Adani, which is part of a conglomerate run by one of India's richest men, has sent many letters urging Andhra Pradesh to begin offtaking power under a 2021 deal, the three sources said.

The deal for 7,000 megawatts of solar power was signed between Andhra Pradesh, Adani Green and the Solar Energy Corporation of India, a government intermediary that is meant to ensure parties abide by their contractual obligations.

ADANI GREEN ENERGY SAYS IT ROUTINELY ENGAGES IN COMMUNICATION

In its latest letter, Adani said it was ready so far to supply 4,312 megawatts of solar power to the state, the sources added. They asked not to be named because they were not authorised to speak on the matter publicly.

A spokesperson for Adani Green Energy said the company's entities "routinely engage in communication as part of regular contractual provisions".

The company remains committed to commencing power supply as soon as the necessary infrastructure is made available, the spokesperson said in a statement to Reuters.

WAIVER DEMAND COULD BE A DEAL BREAKER?

Andhra Pradesh, which is ruled by a close ally of Prime Minister Narendra Modi, in its first response on September 2 told the Solar Energy Corporation of India that it would not begin offtaking until the intermediary guaranteed an unconditional waiver on inter-state transmission over the 25-year long contract, the three sources said.

They said Andhra Pradesh said in its letter the waiver was an incentive for awarding the contract in 2021 and was available to the project at the time.

The waiver was revoked two years later due to regulatory changes.

Without the waiver, the cost of solar power to the Indian state will rise to nearly 3.49 rupees per unit from 2.49 rupees, the sources said.

One of them said the deal was in question because the government's solar corporation was not empowered to guarantee or grant a transmission waiver.

The solar corporation and the state chief minister's office did not reply to emailed requests for comments on the letters whose details have not previously been reported.

US BRIBERY ALLEGATIONS

U.S. authorities in November last year accused Indian billionaire Gautam Adani, together with his nephew and other executives, of involvement in a $265 million bribery scheme to secure Indian power supply contracts in Andhra Pradesh. The Adani Group denies the allegations.

Adani also denied any wrongdoing in June, telling shareholders no individual from the group has been charged under the U.S. Foreign Corrupt Practices Act.

The allegations caused political outcry in the country as the opposition accused the Modi government of shielding Adani and his conglomerate, which spans ports, airports, coal mines and media.

India's opposition parties have called for an investigation into the Adani Group following the U.S. bribery allegations, but Indian regulators have yet to intervene.

In December, Reuters reported that the solar deal was approved by Andhra Pradesh against officials' advice.

($1 = 88.8000 Indian rupees)

(Reporting by Sarita Chaganti Singh; Sethuraman N R; editing by Barbara Lewis)

((Sarita.ChagantiSingh@thomsonreuters.com;))

Sept 19 (Reuters) - Adani Group stocks gained between 1% and 9.6% on Friday, a day after India's markets regulator dismissed short-seller Hindenburg Research's allegations of stock manipulation against billionaire Gautam Adani and his group.

Adani Power ADAN.NS led gains among the nine entities with its 9.6% climb. Adani Enterprises ADEL.NS, the flagship firm, rose 4.4%.

(Reporting by Anuran Sadhu and Kashish Tandon in Bengaluru; Editing by Harikrishnan Nair)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

Sept 18 (Reuters) -

• ADANI: SEBI HAS REAFFIRMED WHAT WE HAVE ALWAYS MAINTAINED, THAT THE HINDENBURG CLAIMS WERE BASELESS - POST ON X

Source text: [https://tinyurl.com/bdde9hsn]

Further company coverage: ADEL.NS

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Sept 1 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• UNIT OPERATIONALISED INCREMENTAL SOLAR POWER PROJECT OF 125 MW AT KHAVDA

Source text: ID:nBSE1bdYVG

Further company coverage: ADNA.NS

((Reuters.Briefs@thomsonreuters.com;;))

By Sudarshan Varadhan and Sethuraman N R

SINGAPORE/NEW DELHI, Aug 19 (Reuters) - India is curbing solar output during periods of low demand to keep its power grid stable and to ease congestion in power lines as green energy supply rises, its Ministry of New and Renewable Energy (MNRE) told Reuters.

Congestion in power lines due to some new plants coming into operation ahead of schedule and delayed transmission projects have also forced power output curbs, also known as curtailment, the MNRE said in an emailed response to questions late on Monday.

The curtailments are the latest setback to India's renewable power developers, who are increasingly languishing without supply contracts as demand for power slows.

The National Solar Energy Federation of India (NSEFI) said in a July 24 letter to the ministry that solar power producers in Rajasthan, the top green power producing state, were facing prolonged and frequent curtailments, which had risen to 48% of output during peak generation hours.

The producers have lost more than $26 million in revenue since April due to the curbs, NSEFI said in the letter reviewed by Reuters.

NSEFI, whose members include the green energy arms of Indian conglomerates Adani ADNA.NS and Tata TTPW.NS, Amazon Web Services AMZN.O, Dutch investment firm SHV and Malaysia's Gentari, said curtailments undermined project viability and future investments.

"Projects in the state had been deferred by 18-20 months to accommodate for the delays in the transmission system, but are still unable to be commissioned due to even further delays," NSEFI said.

NSEFI has asked the government to accelerate transmission and battery storage projects, some of which face up to two years of delay. The federal power ministry has said it is fast-tracking interstate transmission lines to support renewable energy.

BEYOND RAJASTHAN

While Rajasthan is the worst affected by curtailments, other major green energy producers such as the southern Tamil Nadu state, and Gujarat and Maharashtra in the west are also curbing output, according to four industry officials and analysts.

Data compiled by Tamil Nadu's Renewable Energy Producers Association showed solar output was 10% lower than forecast in the quarter ended June.

J Radhakrishnan, a spokesman for the Tamil Nadu energy department said solar was being curbed as a "last resort" measure, and that coal power was also being curtailed amid low demand.

India's renewable energy generation, mainly solar, rose at a record pace in the six months ended June as previously awarded projects came online, while overall power generation growth was largely flat compared with an increase of nearly 6% in 2024.

However, solar projects awarded in the three months ended June fell 75% annually and tenders for new projects declined 65%, according to clean energy consultancy Mercom.

The decline reflects a "temporary recalibration rather than a slowdown," MNRE said, adding that bids were being issued in line with national targets and demand.

Government data shows the usage rate of solar capacity fell to 21.4% in May and 19.5% in June. The MNRE said some of it was due to lower irradiance, adding it expected capacity utilisation of 21%–25% range from February to June in the future.

(Reporting by Sudarshan Varadhan in Singapore and Sethuraman N R in New Delhi; Editing by Florence Tan and Kate Mayberry)

((sudarshan.varadhan@thomsonreuters.com; +65 91164984;))

Aug 4 (Reuters) - S&P Global Ratings:

• REVISES OUTLOOK ON ADANI ELECTRICITY MUMBAI, ADANI PORTS, ADANI GREEN ENERGY RESTRICTED GROUP 2

• ADANI ELECTRICITY MUMBAI OUTLOOK UPGRADED TO 'STABLE'

• ADANI PORTS OUTLOOK UPGRADED TO 'POSITIVE'

• ADANI GREEN ENERGY RESTRICTED GROUP 2 OUTLOOK UPGRADED TO 'STABLE'

Further company coverage: ADNA.NSAPSE.NS

((Reutersbriefs@thomsonreuters.com;))

Updates Aug 1 story with details on power ministry data on stranded capacity, in paragraphs 9-10

By Sudarshan Varadhan

SINGAPORE, Aug 1 (Reuters) - India's stranded renewable power capacity - projects awarded but unable to come online - more than doubled over nine months, due to unfinished transmission lines, and legal and regulatory delays, letters from an industry group to the government showed.

The South Asian nation aims to more than double its non-fossil fuel power capacity to 500 gigawatts by 2030, but the acceleration has left projects without firm agreements to supply power.

Renewable projects that won tenders to generate power but are yet to sign power purchase agreements with buyers have surged to over 50 gigawatts, India's Sustainable Projects Developers Association said in a letter to the Ministry of New and Renewable Energy on June 27.

That compared with stranded projects of over 20 GW, another letter sent by the SPDA on October 4 showed. Both letters were reviewed by Reuters.

Tendered projects cumulatively worth billions of dollars awarded to companies including JSW, NTPC NTPC.NS, NTPG.NS, Adani Green ADNA.NS, ACME Solar ACMO.NS, Renew RNW.O and Sembcorp SEMB.NS are stranded, two industry officials familiar with the matter said.

"Energy transition is not just about building solar and wind capacity, it is also about ensuring that clean power reaches in a most optimum cost and timely manner," the SPDA said in its June 27 letter to the renewable energy ministry.

The stranded solar and wind capacity without buyers of over 50 GW reported by the SPDA is about a quarter the size of India's current installed renewable capacity of 184.6 GW.

The companies did not respond to Reuters requests seeking comment.

A spokesperson for India's power ministry told Reuters on Saturday renewable projects of about 44 GW had been awarded generation licences by federal agencies - which account for most tenders - but did not have supply agreements.

He did not elaborate on the scale of the increase in stranded projects, the duration of delay or companies affected.

Delays in critical transmission infrastructure - especially in sun-drenched states such as Rajasthan and Gujarat - have forced many solar plants to miss commissioning deadlines, the SPDA said in the June letter.

Interstate transmission lines connecting renewable energy projects to the grid are being fast-tracked, and compensation for landowners allowing power cables on their property has been increased to facilitate construction, the ministry spokesperson said.

India plans to connect 230 GW of renewable energy projects to the grid through interstate transmission lines, of which 20% have been completed, 70% are under construction and the remainder is being bid out, he said, without specifying a timeline for completion.

Renewable projects are also stuck due to prolonged legal disputes over land and environmental permissions, SPDA said, adding that several developers have paused operations over unresolved court cases.

(Reporting by Sudarshan Varadhan; Editing by Frances Kerry, Louise Heavens and Alison Williams)

((sudarshan.varadhan@thomsonreuters.com; +65 91164984;))

By Sudarshan Varadhan

SINGAPORE, Aug 1 (Reuters) - India's stranded renewable power capacity - projects awarded but unable to come online - more than doubled over nine months, due to unfinished transmission lines, and legal and regulatory delays, letters from an industry group to the government showed.

Renewable projects that won tenders to generate power but are yet to sign power purchase agreements with buyers have surged to over 50 gigawatts (GW), India's Sustainable Projects Developers Association (SPDA) said in a letter to the Ministry of New and Renewable Energy on June 27.

That compared with stranded projects of over 20 GW, another letter sent by the SPDA on October 4 showed. Both letters were reviewed by Reuters.

The stranded solar and wind capacity without buyers of over 50 GW reported by the SPDA is about quarter the size of India's current installed renewable capacity of 184.6 GW.

"India's energy transition is not just about building solar and wind capacity, it is also about ensuring that clean power reaches in a most optimum cost and timely manner," the SPDA said in the June 27 letter to the renewable energy ministry.

The ministry did not immediately respond to a request seeking comment.

India has been ramping up renewables as it pushes to more than double its non-fossil fuel power capacity to 500 GW by 2030. A record 22 GW of solar and wind capacity came online in the six months ended June, government data showed.

However, tendered projects cumulatively worth billions of dollars awarded to companies including JSW, NTPC NTPC.NS, NTPG.NS, Adani Green ADNA.NS, ACME Solar ACMO.NS, Renew RNW.O and Sembcorp SEMB.NS are stranded, two industry officials familiar with the matter said.

The companies did not respond to Reuters requests seeking comment.

The SPDA includes leaders of some of India's largest renewable energy producers Renew Power, ACME Group and Avaada Group as members of its core committee.

Delays in critical transmission infrastructure - especially in sun-drenched states such as Rajasthan and Gujarat - have forced many solar plants to miss commissioning deadlines, risking financial penalties and potential loss of government incentives, the SPDA said in the June letter.

The SPDA urged the government in the same letter to recognise delays in approvals and transmission construction as force majeure events to help protect developers from financial penalties, and to expedite regulatory permissions.

Renewable projects are also stuck due to prolonged legal disputes over land and environmental permissions, it said, adding that several developers have paused operations over unresolved court cases.

(Reporting by Sudarshan Varadhan
Editing by Frances Kerry)

((sudarshan.varadhan@thomsonreuters.com; +65 91164984;))

BENGALURU, July 28 (Reuters) - India's Adani Green Energy ADNA.NS reported a 31% jump in first-quarter profit on Monday, driven by an increase in power sales and higher capacity utilisation, sending shares up 3.5%.

India has been aggressively expanding its renewable energy capacity as part of its climate goals and its target of 500 gigawatt non-fossil capacity by 2030. Adani Green is a key player in that expansion, and its results are seen as a bellwether for the sector.

The green energy arm of billionaire Gautam Adani's group has solar, wind and hybrid assets across India.

The company's consolidated profit rose to 8.24 billion rupees ($95.10 million) in the quarter ended June 30, from 6.29 billion rupees a year ago.

The company said revenue from power supply increased 31% to 33.12 billion rupees in the quarter, with energy sales up 42%.

The solar portfolio's capacity utilisation factor (CUF), a measure of how much of a power plant's maximum capacity is used over a given period, rose 28%, while the wind portfolio's CUF saw an increase of 42.3% from a year earlier.

Adani Green's operational capacity rose 45% for the quarter.

($1 = 86.6430 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru; Editing by Janane Venkatraman)

((Yagnoseni.Das@thomsonreuters.com;))

The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to add topic code.

By Shritama Bose

MUMBAI, July 8 (Reuters Breakingviews) - Dark clouds are gathering over India's renewable energy boom. A global consortium last week raised its offer to take ReNew Energy RNW.O, the country's second-largest green power producer, private from New York. But the implied $10 billion valuation is a discount to peers trading in Mumbai. Even with the prospect of a relisting back home, the buyers can drive a hard bargain.

The latest offer of $8 per share is a measly 13% increase from a December proposal and values the target's enterprise at just under 7 times its forecast next-fiscal year EBITDA, per LSEG. That's well below the 19 times at larger rival Adani Green ADNA.NS, which trades in Mumbai.

That will be a disappointment for minority shareholders, who own 36% of the company. Worse, the buyer group, including ReNew founder and CEO Sumant Sinha and the Canada Pension Plan Investment Board, insists this is a final offer and that it will give investors "immediate liquidity and value certainty not available in public markets".

They may have a point. ReNew listed in 2021 on Nasdaq via a special purpose acquisition company, and its shares have been underwater since, prompting Sinha to complain that public markets value renewable energy businesses poorly. Moreover, no other bidders have emerged, strengthening the consortium's hand.

And it will not be lost on investors that the target's peers, though richly valued, are losing their shine. Once stock market darlings, Adani Green Energy, state-backed NTPC Green NTPG.NS and others have all underperformed the broader Indian market this year; as recently as February, Adani Green's enterprise traded on over 40 times forward EBITDA. That might dim prospects of a quick relisting at home for ReNew.

Increasing concerns of overcapacity in India's booming green power sector are probably to blame. The government issued a record 73 gigawatts of utility-scale renewable energy tenders last year, but undersubscriptions, cancellations, delays plus a backlog of unsigned power purchasing agreements are all also rising, according to the Institute for Energy Economics and Financial Analysis. In May, spot power prices in the country dropped to zero for the first time, due to a glut of solar generation.

Against this moody backdrop, ReNew's long-suffering shareholders may be ready for an exit.

Follow Shritama Bose on Linkedin and X.

CONTEXT NEWS

A consortium of shareholders in Nasdaq-listed green power producer ReNew Energy Global on July 2 made a final non-binding offer to take the company private. The group raised its offer to $8 per share from the $7.07 it had proposed in December.

The new offer represents a 17.5% premium to the last traded price and values the company's equity at nearly $3 billion, according to Breakingviews calculations.

Canada Pension Plan Investment Board, Abu Dhabi Investment Authority, and ReNew Chair Sumant Sinha, who control a combined 64% of shareholder votes in the company, are members of the consortium. United Arab Emirates-based Masdar joined the group as a new investor.

The revised proposal will give shareholders "immediate liquidity and value certainty not available in public markets", the consortium said in a letter to ReNew's board.

(Editing by Robyn Mak; Production by Ujjaini Dutta)

((For previous columns by the author, Reuters customers can click on BOSE/shritama.bose@thomsonreuters.com))

June 30 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• ADANI GREEN ENERGY LTD - OPERATIONALIZATION OF PROJECTS

• ADANI GREEN ENERGY LTD - OPERATIONALIZED AGGREGATE 1,011.5 MW POWER PROJECTS AT KHAVDA

• ADANI GREEN ENERGY - TO OPERATIONALIZE PLANTS, COMMENCE POWER GENERATION FROM JULY 01

Source text: ID:nBSEbxzGRn

Further company coverage: ADNA.NS

((reuters.briefs@thomsonreuters.com;))

Adds details and background on U.S. indictment, group's power capacity and capex plans

June 24 (Reuters) - Adani Group Chairman Gautam Adani on Tuesday denied any wrongdoing in response to U.S. allegations of bribery, telling shareholders that no individual from the group has been charged under the U.S. Foreign Corrupt Practices Act (FCPA).

"Despite all the noise, the facts are that no one from the Adani Group has been charged with violating the FCPA or conspiring to obstruct justice," Adani said at the company’s annual general meeting.

"Even in the face of the storms and relentless scrutiny, the Adani Group has never backed down," he said.

In November, U.S. authorities indicted Adani and several executives, alleging they paid bribes to secure Indian power contracts and misled U.S. investors. The Adani Group has rejected the allegations as "baseless" and said it was cooperating with legal processes.

Adani Group and its 13 offshore investors have been facing an investigation by the Securities and Exchange Board of India (SEBI) since Hindenburg Research in 2023 alleged the group's improper use of tax havens. The group has consistently denied any wrongdoing.

The company, which is constructing the world's largest renewable energy park in Khavda, western India, aims to install 50 gigawatts (GW) of renewable capacity by 2030.

With combined thermal, renewable and pumped hydro assets, Adani Group expects to reach a total power generation capacity of 100 gigawatts by 2030, Adani said.

Adani also announced a record capital expenditure plan, saying the group expects to invest between $15 billion and $20 billion annually over the next five years.

(Reporting by Sethuraman NR and Hritam Mukherjee in Bengaluru; Editing by Anil D'Silva)

((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))