Adani Green Energy, the renewables arm of India’s Adani Group, is withdrawing from a planned wind power project in Sri Lanka that would have seen $1 billion in investments, due to disagreements over the power purchase price. Adani Green Energy has secured most of the permits for the wind power farms at Mannar and Pooneryn, including transmission lines.
But a new government of Sri Lanka has signaled it wants to renegotiate the tariffs previously agreed, seeking a lower purchase price. Sri Lanka aims to reduce the purchase price to $0.06 per…India’s Adani Pulls Out of $1-Billion Sri Lanka Wind Power Deal
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