Ahmedabad (Gujarat) [India], May 19 (ANI): Adani Green Energy Limited (AGEL) on Wednesday signed a share purchase agreements for the acquisition of 100 per cent interest in SB Energy India from SBG (80 per cent) and Bharti Group (20 per cent).
Share this article
Share this article
- Projects are contracted to sell power under 25 years PPAs with sovereign rated counterparties
- The transaction is for a fully completed enterprise valuation of approximately USD 3.5 billion (~Rs. 26,000 Cr.)
- This transformational acquisition will enable AGEL to reach renewable portfolio of 25 GW four years ahead of the target
AHMEDABAD, India, May 19, 2021 /PRNewswire/ Adani Green Energy Limited (AGEL), today signed share purchase agreements for the acquisition of 100% interest in SB Energy India from SBG (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 marks the largest acquisition in the renewable energy sector in India. The transaction values SB Energy India at an enterprise valuation of approximately USD 3.5 billion.
Adani Green to buy SB Energy s renewable portfolio for EV of $3.5b
By IANS |
0 Views
China using climate change ruse to push own geopolitical interest. Image Source: IANS News
Ahmedabad, May 19 : In one of the largest acquisition in the renewable energy sector in India, Adani Green Energy Limited (AGEL) is set to acquire 100 per cent interest in SB Energy India from SBG (80 per cent) and Bharti Group (20 per cent).
The transaction values SB Energy India at an enterprise valuation of approximately $3.5 billion.
The two sides on Wednesday signed share purchase agreements for the deal.
SB Energy India has a total renewable portfolio of 4,954 MW spread across four states in India.