Adani Green Energy Limited (AGEL), subsidiary of India-based Adani Group, has completed its previously announced acquisition of SB Energy India for Rs 260 billion. In May 2021, AGEL signed share purchase agreements with SoftBank Group (SBG) and Bharti Group to acquire a 100 per cent interest in SB Energy India.
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India-based Adani Green Energy Limited (AGEL) has announced the signing of a share purchase agreement to acquire a 100 per cent stake in SB Energy India. This includes an 80 per cent stake from Soft Bank Group and the remaining 20 per cent from Bharti Group. The announcement signifies the largest acquisition in the renewable energy sector in India at an enterprise valuation of about Rs 260 billion. The transaction will be finalized in August 2021.
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A leading Indian IPP, Adani Green Energy Limited (AGEL) has announced that it raised a $1.35 billion debt package for its renewable asset portfolio which is currently under construction. Further, the company has signed definitive agreements with international lenders. The funding will be utilised to finance 1.69 GW of solar-wind hybrid projects currently being developed in the Indian state of Rajasthan.
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The Solar Energy Corporation of India (SECI) has unveiled the results of its 15 GW tender designed to give a boost to India’s solar manufacturing sector. The tender comprises 12 GW of solar PV plant capacity and 3 GW of domestic solar cell and module manufacturing capacity.
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