SB Energy India has a total renewable portfolio of 4954MW 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$3.5bn (€2.86bn).
The target portfolio consists large scale utility assets with 84% solar capacity (4180MW), 9% wind-solar hybrid capacity (450MW) and 7% wind capacity (324 MW).
It comprises 1400MW of operational solar power capacity and a further 3554MW 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.
Ahmedabad (Gujarat) [India], May 19 (ANI/PRNewswire): Adani Green Energy Limited (AGEL), today signed 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).
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.
The target portfolio consists large scale utility assets with 84 per cent solar capacity (4,180 MW), 9 per cent wind-solar hybrid capacity (450 MW) and 7 per cent wind capacity (324 MW). The portfolio comprises of 1,400 MW operational solar power capacity 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. The operati
Adani Green to acquire SB Energy s India portfolio for $3.5 billion
SB Energy India has renewable portfolio of 4,954MW in India. Adani group Chairman Gautam Adani says quality of assets that SoftBank and Bharti Group have built are excellent and Adani Green is proud to take their legacy forward
BusinessToday.In | May 19, 2021 | Updated 11:26 IST
Adani Group Chairman Gautam Adani
Adani Green Energy Limited (AGEL) has signed a pact to acquire 100 per cent stake in SoftBank group subsidiary SB Energy India (80 per cent) and Sunil Mittal-led Bharti Group (20 per cent). The assets forming part of the portfolio are primarily solar park-based projects, Adani Green said in a statement on Wednesday. Gautam Adani, Chairman, Adani Group, said the quality of assets that SoftBank and the Bharti Group have built are excellent and that the company is proud to take their legacy forward.
SB Energy India has a total renewable power 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