Sri Lanka, Feb. 13 -- Adani Green Energy, part of Indian billionaire Gautam Adani's Adani Group, has decided to withdraw from its wind energy project in Mannar, Sri Lanka.

Despite obtaining most approvals, the company cited delays, including unresolved environmental clearance and an ongoing Supreme Court case as reasons for the withdrawal.

The company has informed Sri Lanka's Board of Investment (BOI) of its decision to "respectfully withdraw" while remaining open to future projects.

A new committee is set to renegotiate terms, but official statements from both Adani Group and Sri Lankan authorities are still pending.

Adani Green Energy Limited (AGEL) has officially withdrawn from its proposed $1 billion renewable wind farm and transm...