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- 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.
Share this article
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- 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 In Advanced Talks To Acquire SB Energy
This deal could value SB Energy, a company owned by Bharti Enterprises and SoftBank Group at more than $650 million.
Adani Green Energy is in advanced talks for the acquisition of the privately-held share-holdings of SB Energy. They are exploring a buyout of the renewable energy company through an all-stock deal. This deal could value SB Energy, a company owned by Bharti Enterprises and SoftBank Group at more than $650 million. The discussion is expected to be finalized soon.
This deal can help Adani Green Energy to reach its generation capacity of 25 gigawatts by 2025, as is aimed by the company. The share value in the company has risen by more than 370% in the past year, giving the company an estimated value of $23 billion in the market.