Adani Green Energy UAE Arm Signs JVA with Minerva to Develop RE Projects in India
Adani Green Energy’s subsidiary Adani Renewable Energy Middle East has signed a JV agreement with Minerva Holding RSC, a wholly-owned subsidiary of EPointZero Holding RSC, to form Minerva Renewables Holding to develop renewable energy projects in India.
April 10, 2026. By Mrinmoy Dey
The partnership is backed by EPointZero Holding RSC, the parent company of Minerva and part of International Holding Company PJSC. Through this collaboration, the entities will jointly focus on the development, construction, and operation of renewable energy projects across India, aligning with the country’s expanding clean energy ambitions.
As per the agreement, AGEL UAE will invest in the joint venture entity for up to a 20 percent equity stake, while Minerva, wholly owned by EPointZero, will anchor the platform. The JV structure reflects a strategic alignment between global capital and domestic execution capabilities, positioning the platform to tap into India’s large-scale renewable energy pipeline.
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