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Adani Green Energy posts Rs 41.36 cr net profit in December quarter

Adani Green Energy on Wednesday posted a consolidated net profit of Rs 41.36 crore in the December quarter mainly on the back of higher revenues.
The consolidated net loss of the firm was Rs 128.46 crore in the quarter ended on December 31, 2019, a regulatory filing said.
Total income of the company for the quarter under review rose to Rs 842.91 crore from Rs 523.20 crore in the year-ago period.
Over the past year we have accelerated our commitment to the Renewable Energy Space based on the new data that has become available. I fundamentally believe that the targets of renewable power will continue to be raised given the need as well as the affordability, Adani Green Energy Chairman Gautam Adani said. ....

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Offshore Wind Energy Market Forecast to Reach $42 Billon by 2025

Offshore Wind Energy Market Forecast to Reach $42 Billon by 2025
Ongoing Saturation of Sites Close to the Shore, Along With Growing Demand for High Operational Capacity Utilization Factor (CUF) for Offshore Projects Is Projected to Drive Industry Growth.
BriefingWire.com, 12/23/2020 -
The Offshore Wind Energy Market is forecast to reach $42billion by 2025, growing at a CAGR of 13.6% from 2020 to 2025. The offshore wind energy market is estimated to witness substantial growth over the forecast period primarily due to the growing demand for clean energy and rising focus on reducing carbon emissions. Offshore wind energy generation process is a renewable form of producing energy by taking advantage of the power of the wind that is produced on the high seas, where it moves at a much higher and more consistent speed than it does on land, due to absence of multiple barriers. Ongoing saturation of sites close to the shore, al ....

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