AGEL finalizes acquisition of SB Energy India
Adani Green Energy Ltd (AGEL) has completed the acquisition of SB Energy Holdings Ltd (SB Energy India) in an all-cash deal for which definitive agreements were signed on 18 May 2021. The transaction values SB Energy India at an enterprise valuation of approximately US$3.5 billion.
SB Energy India, a joint venture between Japan-based SoftBank Group Corp. (80%) and Bharti Group (20%), has a total renewable portfolio of 4,954 MW spread across four states in India. The 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).
Country updates
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October 08, 2021
Adani Green Energy to acquire 40 MW operational solar asset in Odisha
Adani Renewable Energy Limited (AREMHL), a wholly-owned subsidiary of Adani Green Energy Ltd (AGEL), has signed definitive agreements with Essel Green Energy Pvt Ltd to acquire 100% economic value in...
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October 06, 2021
KKR-sponsored Virescent InvIT raises USD62 million
Virescent Infrastructure, an Indian renewable energy platform sponsored by global investment firm KKR, has set up India’s first renewable energy infrastructure investment trust (InvIT), Virescen...
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September 17, 2021
ReNew Power commissions 250 MW solar project in India
ReNew Power has commissioned the 250 MW capacity of its Interstate Transmission System (ISTS) solar generation project, located in Rajasthan, India.
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September 10, 2021
Consultancy tender launched for 600 MW Omkareshwar floating solar project in Madhya Pradesh
Rewa Ultra Mega Solar Ltd (RUMSL), a joint venture of Solar Energy Corporation of India and state utility Madhya Pradesh Urja Vikas Nigam Ltd, has launched a consultancy tender for the developmen...
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September 07, 2021
NTPC commissions 25 MW floating solar project in Simhadri power station reservoir
India's state-owned energy company NTPC Ltd has started the commercial operation of the largest floating solar photovoltaic project of 25 MW capacity on the reservoir of its Simhadri thermal...
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