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.

Adani Group withdraws from a $442 million wind power project in Sri Lanka following government negotiations over energy costs.

The Adani Group which was in discussions to set up a wind power plant in Mannar, is likely to pull out of Sri Lanka due to the delays in approvals and decisions by the governments, the Daily Mirror learns.

Adani Green Energy shares climbed 3 per cent to ₹946 during Thursday's intraday session on the BSE after reports emerged that the company is pulling out of its planned wind power generation and transmission project in Sri Lanka,

Adani Green Energy Ltd told Sri Lanka’s Board of Investment on Wednesday that it would “respectfully withdraw” from the wind project following discussions with officials who indicated that fresh committees would be formed to “renegotiate the project proposal”.

Adani Green Energy has withdrawn from two wind power projects in Sri Lanka following the government's decision to renegotiate tariffs. The company was to invest USD 1 billion in the project.

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

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 proposed wind projects in Mannar and Pooneryn, including transmission lines would have resulted in a $1 billion investment for Sri Lanka if it had happened.