Adani Green Withdraws from $442 Million Sri Lanka Wind Power Projects

The decision follows unsuccessful tariff renegotiations and legal and environmental challenges surrounding the renewable energy initiative.

Adani Green Energy has announced its withdrawal from two planned 484 MW wind power projects in Sri Lanka's Mannar and Pooneryn regions, initially approved in February 2023.
The company cited prolonged discussions and the Sri Lankan government's request to lower power tariffs as key reasons for its decision to step back.
The projects, valued at $442 million, faced additional hurdles, including unresolved legal cases and environmental concerns in Sri Lanka's Supreme Court.
The new Sri Lankan government sought to renegotiate the electricity tariff from $0.0826 to below $0.06 per kilowatt-hour, which contributed to the breakdown of negotiations.
Adani Green reaffirmed its commitment to future opportunities in Sri Lanka, despite this withdrawal, and emphasized its gratitude for the engagement with Sri Lankan authorities.