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Adani Green Begins Generation From The World’s Largest Renewable Energy Park

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Operationalizes the first 551 MW solar capacity at Khavda, starts supply to national grid

Editor’s Synopsis:

AGEL plans to develop 30 GW of clean energy at Khavda to generate ~81 billion units of electricity annuallyThis will power 16.1 million homes and avoid 58 million tonnes of CO2 emissions annuallyAGEL cements its leadership position in India with the largest operational portfolio of 9,029 MW and total portfolio of 20,844 MW

AHMEDABAD, India, Feb. 14, 2024 /CNW/ — Adani Green Energy Limited (AGEL), India’s largest renewable energy (RE) company and the second largest solar PV developer in the world, has operationalized 551 MW solar capacity in Khavda, Gujarat, by supplying power to the national grid.

AGEL achieved this milestone within 12 months of commencing work on the Khavda RE park, starting with the development of basic infrastructure, including roads and connectivity, and creating a self-sustaining social ecosystem. AGEL also transformed the challenging and barren terrain of the Rann of Kutch into a habitable environment for its 8,000-strong workforce.

AGEL plans to develop 30 GW of renewable energy capacity at this RE park. The planned capacity is expected to be operationalized in the next five years. When completed, the Khavda RE park will be the largest renewable energy installation in the world.

Energy from the Khavda RE park can power 16.1 million homes each year. With proven expertise in developing largescale renewable projects, a robust supply chain network and technological prowess, AGEL is best positioned to build this record-setting giga-scale plant with no parallel in the world’s clean energy sector.

The region is endowed with one of the best wind and solar resources in the country, which makes it ideal for giga-scale RE development. AGEL conducted extensive studies and deployed multiple innovative solutions to accelerate the development of the plant. (For more information, refer to Annexure-1). In the process, it is supporting the development of an indigenous and sustainable supply chain.

“Adani Green Energy is creating one of the world’s most extensive renewable energy ecosystems for solar and wind,” said Mr Gautam Adani, Chairman, Adani Group. “Through bold and innovative projects like the Khavda RE plant, AGEL continues to set higher global benchmarks and rewrite the world’s planning and execution standards for giga-scale renewable energy projects. This milestone is a validation of the Adani Group’s commitment and leading role in accelerating India’s equitable clean energy transition journey towards its ambitious goals of 500 GW of renewable energy capacity by 2030 and carbon neutrality.” 

India is shaping the global dialogue on a sustainable energy future. Aligned to this, AGEL is committed to delivering the transition to affordable and reliable clean energy.

About Adani Green Energy Limited

Adani Green Energy Limited (AGEL) is India’s largest and one of the leading renewable energy companies in the world, enabling the clean energy transition. AGEL develops, owns, and operates utility scale grid-connected solar, wind and hybrid renewable power plants. With a locked-in growth trajectory up to 20.8 Gigawatt (GW), AGEL currently has an operating renewable portfolio of over 9 GW, the largest in India, spread across 12 states. AGEL is credited with developing several landmark renewable energy power plants, the latest being the world’s largest wind-solar hybrid power cluster of 2,140 Megawatt (MW) in Jaisalmer, Rajasthan. The company has set a target of achieving 45 GW by 2030 aligned to India’s decarbonization goals. AGEL is focused on leveraging technology to reduce the Levelized Cost of Energy (LCOE) in pursuit of enabling largescale adoption of affordable clean energy. AGEL’s operating portfolio is certified ‘water positive for plants of more than 200 MW capacity’, ‘single-use plastic free’ and ‘zero waste-to-landfill’, a testament to the company’s commitment of powering sustainable growth.

For more information, visit: www.adanigreenenergy.com

ANNEXURE-1

Ideal location

Khavda, located in the Kutch district of Gujarat, is a promising location for wind and solar energy projects. The region witnesses ~2,060 kWh/m2 of high solar irradiation, making it ideal for solar energy generation. It is also blessed with one of the best wind resources availability in India, with speeds of ~8 meters per second.

Preparing the turf

Over the last 5 years, Adani Green conducted multiple studies, such as geotechnical investigation, seismic study, centrifuge tests, resource assessment studies, land studies, Environment and Social Impact Assessment, Environmental and Social Due Diligence, and detailed feasibility studies, amongst others, before embarking on the development of this site. AGEL deployed innovative solutions at Khavda, which will provide a scalable blueprint for giga-scale RE parks across the globe. For example, to address the unique soil strata, AGEL deployed underground stone columns to enhance soil strength.

The company is deploying India’s largest onshore wind turbine generator of 5.2 MW capacity, bifacial solar PV modules, and horizontal single-axis tracker systems. It will be leveraging its state-of-the-art Energy Network Operation Centre (ENOC) platform with AI/ ML integration to enable real-time automated monitoring.

Focus on indigenization, sustainable development

In line with the ‘Atmanirbhar Bharat’ vision, AGEL is not only focusing on clean energy production but also on developing indigenous and resilient supply chains with significantly increased share of localized procurement, such as WTGs and trackers. 

The project utilizes waterless robotic cleaning to address dust accumulation on solar panels, which will contribute to the United Nations Sustainable Development Goal 6 by conserving water in the arid Kutch region and maximize electricity generation.

AGEL is actively engaged in community development initiatives across several villages in the region, focusing on education, health, women empowerment, water conservation, and enhancing community infrastructure as part of its ESG efforts. This demonstrates its holistic commitment to enhancing social and natural capital in the region. 

Photo 1: https://mma.prnewswire.com/media/2340255/AGEL_RE_Plant_Khavda_Gujarat_1.jpg
Photo 2: https://mma.prnewswire.com/media/2340256/AGEL_Indias_largest_5_2_MW_wind_turbine.jpg
Logo: https://mma.prnewswire.com/media/1716106/Adani_Group_Logo.jpg

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SOURCE Adani Green Energy Limited

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BIT Asset Management Receives FINMA Approval for Switzerland’s First and Europe’s Only Spot Bitcoin ETF

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The first exchange-traded fund under Swiss law to invest directly in bitcoin, approved for retail investors in Switzerland

ZURICH, Oct. 22, 2026 /PRNewswire/ — BIT Asset Management AG (“BIT AM”), the wholly owned Swiss asset management subsidiary of BIT (www.bit.com), announced that the Swiss Financial Market Supervisory Authority (FINMA) has approved the Bitcoin Fund ETF (Ticker: BBIT). As confirmed in FINMA’s announcement, it is the first exchange-traded fund in Switzerland to invest directly in bitcoin. It is currently Europe’s only spot bitcoin ETF.

The fund is expected to begin trading on SIX Swiss Exchange in November.

Bitcoin Fund ETF (BBIT)

A spot bitcoin ETF is designed to track the price of bitcoin and can be traded through an ordinary brokerage account. It holds bitcoin directly rather than futures or derivatives. This is the structure that brought bitcoin into mainstream portfolios in the United States, where BlackRock’s iShares Bitcoin Trust (IBIT) and ten other spot bitcoin ETFs launched in January 2024.

Most bitcoin products listed in Europe today are exchange-traded products (ETPs), which are debt instruments that carry issuer risk. The Bitcoin Fund ETF is instead a Swiss collective investment scheme. Its assets are held separately from those of the fund management company and are ring-fenced for investors. The fund is open to retail investors in Switzerland, not only qualified investors.

“Switzerland has established itself as a leading hub for digital assets, combining a strong financial sector, regulatory clarity and an innovative ecosystem,” said John Ge, CEO of BIT Group. “For BIT Group, this makes Switzerland a natural choice for our continued international expansion. Launching the first Swiss Bitcoin ETF is an important milestone for us, reflecting our long-term commitment to the Swiss market and our ambition to bridge traditional finance with emerging technologies.”

“With BBIT, we set out to create a truly Swiss Bitcoin ETF, from fund management and custody to its listing on SIX Swiss Exchange. Investors gain direct exposure to Bitcoin through a FINMA-approved Swiss investment fund, benefiting from the regulatory oversight and investor protections of Switzerland’s established collective investment scheme framework.” said Dominik Oggenfuss, CEO of BIT Asset Management. “Investors can now access bitcoin through an ordinary Swiss bank account, with Swiss fund governance, independent custody and daily transparency on holdings.”

Disclaimer: Investing in the Bitcoin Fund ETF involves a high degree of risk, and you may lose all of your capital. The fund is classified under the Swiss regulatory category “Other alternative investment funds” with particular risk and invests exclusively in Bitcoin, which is extremely volatile. The investment fund risks are not comparable to those of securities funds, and temporary borrowing may increase its total risk exposure to a maximum of 125% of its net asset value. Investors should read the fund documentation and risk warnings before investing. The fund is approved for public offering in Switzerland only. This announcement is for information only and is not an offer or solicitation in any jurisdiction. It is not directed at persons in the US or at U.S. persons.

About BIT Asset Management

BIT Asset Management AG is a Zurich-based manager of collective assets regulated by FINMA, and a wholly owned subsidiary of BIT. Formerly Crypto Finance (Asset Management) AG, it was acquired in full by the Group in 2024 and renamed Matrixport Asset Management AG before taking its current name. It offers regulated funds, exchange-traded products, actively managed certificates and discretionary asset management services, bridging traditional finance and digital assets. The company is led by CEO Dominik Oggenfuss.

About BIT

Founded in 2019 as Matrixport, BIT is an all-in-one digital asset platform headquartered in Singapore. It offers trading, investment, payment, custody and real-world asset tokenization. Through its subsidiaries, BIT holds Trust or Company Service Provider and Money Lender licences in Hong Kong, Major Payment Institution license in Singapore, and a FINMA licence as a manager of collective assets in Switzerland. Through its subsidiaries, BIT operates as an Appointed Representative in the UK, is registered as a Money Services Business in the US and is a member of the Swiss self-regulatory organisation VQF.

View original content:https://www.prnewswire.com/news-releases/bit-asset-management-receives-finma-approval-for-switzerlands-first-and-europes-only-spot-bitcoin-etf-302916555.html

SOURCE BIT Asset Management AG

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BIT Asset Management Receives FINMA Approval for Switzerland’s First and Europe’s Only Spot Bitcoin ETF

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The first exchange-traded fund under Swiss law to invest directly in bitcoin, approved for retail investors in Switzerland

ZURICH, Oct. 22, 2026 /PRNewswire/ — BIT Asset Management AG (“BIT AM”), the wholly owned Swiss asset management subsidiary of BIT (www.bit.com), announced that the Swiss Financial Market Supervisory Authority (FINMA) has approved the Bitcoin Fund ETF (Ticker: BBIT). As confirmed in FINMA’s announcement, it is the first exchange-traded fund in Switzerland to invest directly in bitcoin. It is currently Europe’s only spot bitcoin ETF.

The fund is expected to begin trading on SIX Swiss Exchange in November.

Bitcoin Fund ETF (BBIT)

A spot bitcoin ETF is designed to track the price of bitcoin and can be traded through an ordinary brokerage account. It holds bitcoin directly rather than futures or derivatives. This is the structure that brought bitcoin into mainstream portfolios in the United States, where BlackRock’s iShares Bitcoin Trust (IBIT) and ten other spot bitcoin ETFs launched in January 2024.

Most bitcoin products listed in Europe today are exchange-traded products (ETPs), which are debt instruments that carry issuer risk. The Bitcoin Fund ETF is instead a Swiss collective investment scheme. Its assets are held separately from those of the fund management company and are ring-fenced for investors. The fund is open to retail investors in Switzerland, not only qualified investors.

“Switzerland has established itself as a leading hub for digital assets, combining a strong financial sector, regulatory clarity and an innovative ecosystem,” said John Ge, CEO of BIT Group. “For BIT Group, this makes Switzerland a natural choice for our continued international expansion. Launching the first Swiss Bitcoin ETF is an important milestone for us, reflecting our long-term commitment to the Swiss market and our ambition to bridge traditional finance with emerging technologies.”

“With BBIT, we set out to create a truly Swiss Bitcoin ETF, from fund management and custody to its listing on SIX Swiss Exchange. Investors gain direct exposure to Bitcoin through a FINMA-approved Swiss investment fund, benefiting from the regulatory oversight and investor protections of Switzerland’s established collective investment scheme framework.” said Dominik Oggenfuss, CEO of BIT Asset Management. “Investors can now access bitcoin through an ordinary Swiss bank account, with Swiss fund governance, independent custody and daily transparency on holdings.”

Disclaimer: Investing in the Bitcoin Fund ETF involves a high degree of risk, and you may lose all of your capital. The fund is classified under the Swiss regulatory category “Other alternative investment funds” with particular risk and invests exclusively in Bitcoin, which is extremely volatile. The investment fund risks are not comparable to those of securities funds, and temporary borrowing may increase its total risk exposure to a maximum of 125% of its net asset value. Investors should read the fund documentation and risk warnings before investing. The fund is approved for public offering in Switzerland only. This announcement is for information only and is not an offer or solicitation in any jurisdiction. It is not directed at persons in the US or at U.S. persons.

About BIT Asset Management

BIT Asset Management AG is a Zurich-based manager of collective assets regulated by FINMA, and a wholly owned subsidiary of BIT. Formerly Crypto Finance (Asset Management) AG, it was acquired in full by the Group in 2024 and renamed Matrixport Asset Management AG before taking its current name. It offers regulated funds, exchange-traded products, actively managed certificates and discretionary asset management services, bridging traditional finance and digital assets. The company is led by CEO Dominik Oggenfuss.

About BIT

Founded in 2019 as Matrixport, BIT is an all-in-one digital asset platform headquartered in Singapore. It offers trading, investment, payment, custody and real-world asset tokenization. Through its subsidiaries, BIT holds Trust or Company Service Provider and Money Lender licences in Hong Kong, Major Payment Institution license in Singapore, and a FINMA licence as a manager of collective assets in Switzerland. Through its subsidiaries, BIT operates as an Appointed Representative in the UK, is registered as a Money Services Business in the US and is a member of the Swiss self-regulatory organisation VQF.

View original content:https://www.prnewswire.com/news-releases/bit-asset-management-receives-finma-approval-for-switzerlands-first-and-europes-only-spot-bitcoin-etf-302916555.html

SOURCE BIT Asset Management AG

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ISHCMC expands academic pathways, giving students more ways to shape their futures

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New Personalized Diploma Program builds on ISHCMC’s academic legacy, offering greater choice for Grades 11 and 12 while retaining the full IB Diploma Programme.

HO CHI MINH CITY, Vietnam, Oct. 22, 2026 /PRNewswire/ — The International School Ho Chi Minh City (ISHCMC) will introduce a new Personalized Diploma Program (PDP) from August 2027, expanding academic choices for students in Grades 11 and 12 alongside its established International Baccalaureate Diploma Programme (IBDP).

Building on a learning community shaped by generations of students, educators and families since 1993, the expanded model gives students more ways to shape their senior studies around their strengths, interests and future ambitions. Through a combination of academic choice and educator guidance, ISHCMC aims to help each student make informed decisions about their next steps while contributing to a community that continues to grow with every generation.

Different pathways. A future shaped over generations.

The full IBDP will remain an important part of ISHCMC’s academic offering. The PDP provides an alternative for students seeking a different combination of subjects, bringing together individual IB Diploma courses, Advanced Placement (AP) courses and ISHCMC courses within a personalized program.

Both pathways lead to the ISHCMC High School Diploma, with additional qualifications available depending on the courses taken and assessments completed. Students completing the full IBDP may also earn the IB Diploma by meeting the International Baccalaureate’s requirements. Students following the PDP may earn individual IB course and AP certificates, depending on their course choices and assessment results.

The expanded model recognizes that students may have different interests, strengths and intended university destinations. Rather than expecting every student to follow the same route, ISHCMC will support students in exploring the options available and building an academic program suited to their goals.

“At ISHCMC, every generation benefits from what those before them have built, while adding something of their own. Expanding our academic pathways is about giving students more ways to build on their strengths, pursue their ambitions and shape their futures, supported by the experience and community that have grown here over generations.” Mr. Marco Longmore, Head of School.

Guidance that carries learning forward

Choosing a senior academic pathway is an important decision for students and their families. University requirements vary by country, institution and degree program, making informed subject selection an essential part of planning for life after school.

ISHCMC’s High School and Future Pathways teams will work with students and families to explore course options, understand relevant university entry requirements and make considered decisions about their academic direction. Both pathways can support university applications, with eligibility depending on the qualifications completed and the requirements of each university and program.

The PDP is not intended to be a less demanding alternative to the full IBDP. It offers a different way to structure senior studies around individual goals and course choices, with the expectations and requirements of each course remaining central to the student’s academic experience.

“Every student’s next steps will look different, and our role is to help them understand what those steps require. By working closely with students and families, we can connect individual interests with informed academic choices, helping students approach their future plans with greater clarity and purpose.” Mr. Kohulan Jeganathan, High School Principal.

The new model will begin in August 2027. Ahead of entry into Grades 11 and 12, ISHCMC will work with students and families to explain the available pathways, explore course options and support planning for the transition into senior school. Families can contact the ISHCMC High School and Future Pathways teams to discuss the options and relevant academic requirements.

About the International School Ho Chi Minh City

Established in 1993, the International School Ho Chi Minh City (ISHCMC) is a full-continuum IB international school in Ho Chi Minh City, Vietnam, offering education from Early Years through Grade 12. Its community brings together families from more than 60 nationalities.

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SOURCE International School Ho Chi Minh City

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