New Delhi, Oct 10 (PTI) Inox Wind on Monday said its arm Inox Green Energy Services has sold its entire equity stake in three special purpose vehicles to Adani Green Energy.

"Inox Wind... through its subsidiary arm, Inox Green Energy Services Ltd (IGESL) has sold the entire equity shareholding held in Wind One Renergy Ltd, Wind Three Renergy Ltd and Wind Five Renergy Ltd... to Adani Green Energy Ltd," it said in a BSE filing.

Also Read | SBI RBO Recruitment 2022: Vacancies Notified for 47 Retired Bank Officer Posts, Apply Online at sbi.co.in.

These special purpose vehicles (SPVs) "commissioned 50 MW each, out of the total 250 MW which it had successfully won under the Tranche 1 of Solar Energy Corporation of India Ltd's (SECI -1) bids for wind power projects at Dayapar, Gujarat connected on the central grid...," it added.

IGESL shall provide long-term operations and maintenance services for these projects.

Also Read | Bibiano Fernandes, India U-17 Coach, Reacts After Qualifying for AFC Asian Cup, Says 'World Cup Qualification is Our Next Goal'.

Inox Wind through its SPVs had supplied, erected and commissioned 25 units of its advanced 2 MW Wind Turbine Generators (WTGs) as part of 50 MW project each.

Inox Wind had won 250 MW in SECI Tranche 1 auction at a fixed tariff of Rs 3.46 per unit for 25 years for sale to PTC India.

In a separate filing, it said IGESL has sold its entire 100 per cent shareholding in the three firms (projects) for a cash consideration of Rs 1 lakh each.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)