Joint Ventures9 April 2026 at 05:43 am
Adani Green Energy Ltd Subsidiary Signs Joint Venture Agreement with Minerva Holding RSC Ltd for Renewable Energy Projects
AI Summary
Adani Renewable Energy Middle East Ltd, a wholly-owned subsidiary of Adani Green Energy Ltd, has entered into a Joint Venture Agreement with Minerva Holding RSC Ltd, a wholly-owned subsidiary of EPointZero, the energy and infrastructure arm of International Holding Company PJSC. The joint venture, Minerva Renewables Holding RSC Limited, is intended for development, construction, and operation of renewable energy projects in India.
Key Highlights
- Adani Renewable Energy Middle East Ltd, a subsidiary of Adani Green Energy Ltd, signs Joint Venture Agreement with Minerva Holding RSC Ltd, a subsidiary of EPointZero.
- The joint venture, Minerva Renewables Holding RSC Limited, is for development, construction, and operation of renewable energy projects in India.
- Adani Green Energy Ltd subsidiary to invest up to 20% interest in the joint venture.
- Minerva to appoint up to 4 Directors, Adani Green Energy Ltd subsidiary to appoint 1 Director in the joint venture.
- The joint venture is expected to contribute to India's renewable energy sector.
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