Adani Green Energy Ltd withdrew from building from two renewable energy wind farms in Sri Lanka, the company said in a statement on Wednesday.

Adani Green Energy has decided to withdraw its $1 billion wind farms project in Sri Lanka, citing controversy over tariffs and environmental concerns. This follows a prior setback with a canceled deal in Kenya.

Adani Green has withdrawn from a controversial $442-million renewable energy project in northern Sri Lanka amid fierce opposition from locals and a legal battle over its approval and potential environmental impact.

"Adani Green Energy has conveyed its Board's decision to respectfully withdraw from further engagement in the renewable energy (RE) wind energy project and two transmission projects in Sri Lanka," the

As per the agreement with Sri Lanka, Adani Green was to construct two wind power projects in Mannar town and Pooneryn village, both located in the northern province of the country.

The project approved by the Gotabaya Rajapaksa government in 2022 without a competitive tender process was under scanner for a long time

Adani Green Energy has withdrawn from two wind power projects in Sri Lanka due to financial unviability, following discussions to reduce costs. The decision comes amid scrutiny from U.S. authorities and Sri Lanka’s economic strain,

Adani Green Energy on Thursday said it is withdrawing from further engagements in the renewable energy (RE) wind energy project and two transmission projects in Sri Lanka.

The company was to invest a total of USD 1 billion in generating electricity from wind at two projects and laying transmitting lines to take it to users.

Adani Green Energy, a part of Gautam Adani's conglomerate, withdrew from two wind power projects in Sri Lanka after the new government sought to renegotiate tariffs. Although AGEL respects Sri Lanka's decision,

The proposed wind projects in Mannar and Pooneryn, including transmission lines would have resulted in a $1 billion investment for Sri Lanka if it had happened.