Adani Green Energy unit forms step-down subsidiary for RE generation

It has yet to commence business operations.

Adani Renewable Energy Holding Nine Limited has incorporated a wholly-owned subsidiary called Adani Green Energy Sixty Nine Limited (AGE69L) which will be involved in the generation of power using renewable sources.

In a statement, Adani Renewable Energy said AGE69L’s main objective is to generate, develop, transform, distribute, transmit, sell, and supply any kind of power or electrical energy using wind energy, solar energy or other renewable sources of energy.

The step-down subsidiary was incorporated and registered with the Registrar of Companies in Gujarat at Ahmedabad on 13 December but business operation has yet to commence.