Adani Green to purchase 5GW renewable assets of SB Energy India
POWER & RENEWABLE ENERGY

Adani Green to purchase 5GW renewable assets of SB Energy India

Adani Green Energy (AGEL) has signed share purchase agreements for the purchase of a 100% interest in SB Energy India from Bharti Group (20%) and from SBG (80%).

The deal is the biggest acquisition in the renewable energy sector in India, and it values SB Energy India at an industry valuation of around $3.5 billion.

SB Energy has a renewable portfolio of a complete 4,954 MW over four states in India. The portfolio consists of large scale utility assets, including 9% wind-solar hybrid capacity (450 MW), 84% solar capacity (4,180 MW), and 7% wind capacity (324 MW).

All the projects have 25-year power purchase agreements (PPAs) with sovereign ranked counterparties like NTPC, NHPC, and Solar Energy Corporation of India (SECI). The portfolio contains 1,400 MW operational solar energy capacity, and 3,554 MW is below construction.

By this deal, AGEL will accomplish a total renewable capacity of 24.3 GW and an operating capacity of 4.9 GW.

The acquisition shows AGEL's plan to be the lead in sustainable energy development universally. So, it makes it one of the biggest renewable energy platform globally.

Operating assets forming part of the portfolio are essentially solar park based projects and have been established following the highest class governance, construction, plan development, maintenance, resulting being the highest renewable portfolios in the nation.

The closing of the deal is subject to customary permissions and limitations.

Privately owned SB Energy was established in 2011, and it is involved in the production, supply and sale of electricity and power generated from renewable sources.

Image Source


Also read: Adani Green Energy signs agreement to acquire solar assets of 205 MW

Also read: Total SE buys 20% stake in Adani Green

Adani Green Energy (AGEL) has signed share purchase agreements for the purchase of a 100% interest in SB Energy India from Bharti Group (20%) and from SBG (80%). The deal is the biggest acquisition in the renewable energy sector in India, and it values SB Energy India at an industry valuation of around $3.5 billion. SB Energy has a renewable portfolio of a complete 4,954 MW over four states in India. The portfolio consists of large scale utility assets, including 9% wind-solar hybrid capacity (450 MW), 84% solar capacity (4,180 MW), and 7% wind capacity (324 MW). All the projects have 25-year power purchase agreements (PPAs) with sovereign ranked counterparties like NTPC, NHPC, and Solar Energy Corporation of India (SECI). The portfolio contains 1,400 MW operational solar energy capacity, and 3,554 MW is below construction. By this deal, AGEL will accomplish a total renewable capacity of 24.3 GW and an operating capacity of 4.9 GW. The acquisition shows AGEL's plan to be the lead in sustainable energy development universally. So, it makes it one of the biggest renewable energy platform globally. Operating assets forming part of the portfolio are essentially solar park based projects and have been established following the highest class governance, construction, plan development, maintenance, resulting being the highest renewable portfolios in the nation. The closing of the deal is subject to customary permissions and limitations. Privately owned SB Energy was established in 2011, and it is involved in the production, supply and sale of electricity and power generated from renewable sources. Image Source Also read: Adani Green Energy signs agreement to acquire solar assets of 205 MW Also read: Total SE buys 20% stake in Adani Green

Next Story
Real Estate

Varun Malik Joins ANAROCK as MD, Head of Capital Markets, APAC

ANAROCK Capital has appointed Varun Malik as Managing Director, Head of Capital Markets (APAC), marking a strategic move to expand its presence across Asia-Pacific. Based in Singapore, Malik will drive ANAROCK’s capital markets initiatives in the region.A real estate finance veteran, Malik brings over 18 years of experience in structuring complex cross-border transactions across South-East Asia and Australia. He has led debt and equity deals for REITs, fund managers, and developers, delivering strong returns and driving investor value.“We will redefine real estate capital solutions across ..

Next Story
Real Estate

Patra Chawl lottery held, 663 families allotted homes

Mumbai's Siddharth Nagar (Patra Chawl) Co-operative Housing Society members in Goregaon (West) saw their 15-year wait come to a close as MHADA conducted a successful computerised lottery for 663 eligible members under its redevelopment scheme.The Mumbai Housing and Area Development Board conducted the draw using the RAT (Randomised Allotment of Tenement) system at Sardar Vallabhbhai Patel Hall. The lottery, overseen by Mr. Milind Borikar, Chief Officer of Mumbai Board, ensured transparency by digitally allotting each member a building, wing, and floor.The project, located on Plot R-9, received..

Next Story
Infrastructure Transport

BLR Airport crosses 41 million passengers, 500,000 MT cargo

Kempegowda International Airport, Bengaluru (BLR Airport), has recorded key operational milestones in FY 2024-25, crossing 41.88 million passengers and handling 502,480 metric tonnes of cargo. This marks a year-on-year passenger growth of 11.6 per cent and a 14 per cent rise in cargo volumes.Domestic footfall reached 36.05 million, up 10 per cent, while international traffic saw a robust 25 per cent jump to 5.83 million, aided by Indigo’s global expansion and added frequencies by international carriers. BLR Airport now connects to 76 domestic and 33 international destinations, with Hanoi set..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?