Adani Green Energy Backs Out of Sri Lanka Wind Projects

Adani Green Energy announced its decision to withdraw from two proposed wind power projects in Sri Lanka. The company conveyed this through a letter to a Sri Lankan government agency, following the government's intent to renegotiate project terms. Adani cited respect for Sri Lankan sovereignty for its decision.

Adani Green Energy has pulled the plug on its plans to develop two wind power projects in Sri Lanka. The decision was communicated via a letter to Sri Lanka's government agency.

The Sri Lankan government recently indicated that it seeks to renegotiate the terms of the $1 billion projects. This prompted a reevaluation by Adani.

While expressing respect for Sri Lanka's sovereign decisions, Adani concluded that it would withdraw from the projects rather than engage in the renegotiation process.