India's Adani Green Energy has told Sri Lanka it will withdraw from two proposed wind power projects, the company said on Thursday, two weeks after Colombo said it was seeking to lower the cost of the power generated.

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

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Adani Green withdraws from controversial renewable energy project in Sri Lanka amid legal battle and environmental concerns.

Adani Green Energy announced on Thursday that it is withdrawing from the renewable energy (RE) wind power project and two transmission projects in Sri Lanka. The company conveyed its Board’s decision to step back from further engagement in these projects but reiterated its commitment to Sri Lanka.

India's Adani Green Energy said it will withdraw from two proposed wind power projects in Sri Lanka, according to a letter sent by the company to a Sri Lankan government agency. The Sri Lankan government said last month it has started talks with the Adani Group to lower the cost of power from the projects estimated to cost a total of $1 billion.