Adani Green to buy SB Energy India
Adani Green Energy Limited (AGEL) has signed share purchase agreements for the acquisition of 100% interest in SB Energy India from Softbank Group (80%) and Bharti Group (20%). SB Energy India has a total renewable portfolio of 4,954 MW spread across four states in India. The transaction values SB Energy India at an enterprise valuation of approximately US$3.5 billion.
The target portfolio consists of large-scale utility assets with 84% solar capacity (4,180 MW), 9% wind-solar hybrid capacity (450 MW), and 7% wind capacity (324 MW). 1,400 MW are operational solar power projects and a further 3,554 MW is under construction. All projects have 25-year PPAs with sovereign-rated counterparties such as Solar Energy Corporation of India Ltd. (SECI), NTPC Limited, and NHPC Limited.
Country updates
-
-
May 24, 2021
IFC invests US$15mn in South Asia Growth Fund II
The investment arm of the World Bank, International Finance Corporation (IFC), plans to invest up to US$15 million in South Asia Growth Fund II (SAGF II). The fund, launched by GEF Capital Part...
Read more -
May 06, 2021
IFC to provide additional debt financing to Enel's 300 MW solar project in Rajasthan
The International Finance Corporation of World Bank is proposing an additional US$50 million debt financing for the planned 300 MW solar photovoltaic project of Enel Green Power in India. IFC h...
Read more -
April 28, 2021
ReNew Power commissions 105 MW solar project in Patan District
ReNew Power has commissioned a 105 megawatt (MW) solar generation facility in the Indian state of Gujarat. The project has a 25-year power purchase agreement with the Gujarat Urja Vikas Nigam Limited...
Read more -
April 19, 2021
ReNew Power completes 300 MW wind project in Gujarat
ReNew Power has commissioned a 300 megawatt (MW) wind power generation facility in the Indian state of Gujarat. The project was previously awarded to ReNew’s operating subsidiary ReNew Wind Ener...
Read more -
April 14, 2021
Adani Green completes acquisition of 20 MW Mahoba solar project in Uttar Pradesh
Adani Green Energy Limited has completed the acquisition of 100% of the share capital and all the securities of Spinel Energy & Infrastructure (SEIL) from Hindustan Cleanenergy and Peridot Power V...
Read more
