On Wednesday, the Sri Lanka Board of Investments approved two wind power plants for India’s Adani Green Energy Ltd with a total investment of $442 million, the Sri Lanka Board of Investments said in a statement.

“The two 350-megawatt wind farms are scheduled to be commissioned within two years, and accordingly, they will be connected to the national grid by 2025,” the statement added.

Adani Green Energy is the renewable energy arm of the beleaguered Adani Group. Seven listed companies lost some $125 billion in market value last month following a US short seller’s improper use of tax havens and stock manipulation by the apples-to-airports group. Meanwhile, Adani Group denies the accusations.

Sri Lankans have been grappling with rolling blackouts for more than a year as the country struggles to generate enough thermal and coal power, prompting the government to accelerate renewable energy projects.

The island nation swelled electricity prices by 66% last week as part of efforts to secure a $2.9 billion bailout from the International Monetary Fund as it struggles to emerge from its worst financial crisis in more than seven years method for decades.

A group of Adani officials are in Colombo evaluating various projects with Sri Lanka. The group is also building a $700 million terminal project at Sri Lanka’s largest port.

The Sri Lanka Investment Commission stated that the Adani wind power project would create 1,500 to 2,000 new jobs.

Sri Lanka also intends to export renewable energy from the northern region to southern India.