Adani Green Energy Ltd announced on April 9 that its wholly-owned stepdown subsidiary, Adani Renewable Energy Middle East Ltd, has entered into a joint venture agreement with Minerva Holding RSC to develop renewable energy projects in India, marking another step in its international partnership strategy.
In a regulatory filing, the company said that EPointZero Holding RSC Ltd -- the energy and infrastructure platform of International Holding Company PJSC -- has partnered with Adani Green Energy to establish the joint venture focused on the development, construction and operation of renewable energy assets in India.
Minerva Holding RSC, which is wholly owned by EPointZero, will serve as the joint venture platform through which the projects will be pursued. The JV is expected to play a role in advancing clean energy capacity in India, aligning with broader sectoral growth and investment momentum.
International Holding Company PJSC, the parent of EPointZero, is the largest listed company in the UAE, with a market capitalization of over USD 230 billion, underlining the scale and financial backing behind the partnership.
Clean mobility surge: EV, hybrid & CNG cars capture nearly 30% of India’s auto market in FY26
As part of the agreement, Adani Renewable Energy Middle East Ltd will acquire up to 20 pc stake in Minerva Renewables Holding RSC, the joint venture entity. The shareholding structure reflects a strategic minority participation by Adani Green Energy, while operational collaboration is expected to be driven jointly.
Governance provisions under the agreement grant Minerva the right to appoint up to four directors on the board, while Adani Green Energy will have the right to nominate one director. This structure indicates a majority influence for the UAE-based partner, alongside Adani’s participation in key decision-making.
Also read | Adani Green Energy adds over 5GW renewable energy capacity in FY26
The development comes as Adani Green Energy continues to expand its global partnerships and strengthen its pipeline of renewable energy projects, even as international investors show increasing interest in India’s clean energy sector.
In a regulatory filing, the company said that EPointZero Holding RSC Ltd -- the energy and infrastructure platform of International Holding Company PJSC -- has partnered with Adani Green Energy to establish the joint venture focused on the development, construction and operation of renewable energy assets in India.
Minerva Holding RSC, which is wholly owned by EPointZero, will serve as the joint venture platform through which the projects will be pursued. The JV is expected to play a role in advancing clean energy capacity in India, aligning with broader sectoral growth and investment momentum.
International Holding Company PJSC, the parent of EPointZero, is the largest listed company in the UAE, with a market capitalization of over USD 230 billion, underlining the scale and financial backing behind the partnership.
Clean mobility surge: EV, hybrid & CNG cars capture nearly 30% of India’s auto market in FY26
As part of the agreement, Adani Renewable Energy Middle East Ltd will acquire up to 20 pc stake in Minerva Renewables Holding RSC, the joint venture entity. The shareholding structure reflects a strategic minority participation by Adani Green Energy, while operational collaboration is expected to be driven jointly.
Governance provisions under the agreement grant Minerva the right to appoint up to four directors on the board, while Adani Green Energy will have the right to nominate one director. This structure indicates a majority influence for the UAE-based partner, alongside Adani’s participation in key decision-making.
Also read | Adani Green Energy adds over 5GW renewable energy capacity in FY26
The development comes as Adani Green Energy continues to expand its global partnerships and strengthen its pipeline of renewable energy projects, even as international investors show increasing interest in India’s clean energy sector.
