QIA Invests in India's Adani Green Energy

• QIA acquires 2.5% stake in Adani Green Energy Ltd. for INR 39 billion, through its subsidiary INQ Holding LLC. Adani Green has 8.1 GW of capacity in its operational fleet with a goal to reach 45 GW by 2022.

Qatar Investment Authority (QIA) has acquired a 2.5% stake in Adani Green Energy Ltd for INR 39 billion (USD 473.4m/EUR 410.1m). The shares were purchased through its subsidiary INQ Holding LLC. The promoter group entity of Adani Green, Infinite Trade and Investment, offloaded 44.88 million shares, representing a 2.8% stake, leaving them with 0.57% interest in Adani's renewables business. Adani Green currently has 8.1 GW of capacity in its operational fleet at the end of March and hopes to reach 45 GW by 2030.

What Is QIA's Stake in Adani Green Energy?

• QIA’s stake in Adani Green Energy is 2.5%.
• INQ Holding LLC, a subsidiary of QIA, purchased 44.88 million shares of Adani Green Energy, representing a 2.8% stake.
• After the purchase, the Adani Green Energy promoter group entity Infinite Trade and Investment owns a 0.57% interest in the company.
• Adani Green Energy has 8.1 GW of capacity in its operational fleet as of March 2021.
• Adani Green Energy hopes to reach 45 GW of capacity by 2030.
• QIA’s investment in Adani Green Energy is part of its commitment to long-term investments in the renewable energy sector.