Fetching News Details

Adani Green Energy to acquire SB Energy's 5 GW India renewable power portfolio for a fully completed EV of USD 3.5 billion - India's largest renewables M&A transaction
May 19, 2021
Source: PR Newswire

Adani Green Energy to acquire SB Energy's 5 GW India renewable power portfolio for a fully completed EV of USD 3.5 billion - India's largest renewables M&A transaction

AGEL has signed definitive agreements for 100% acquisition of SB Energy Holdings Limited ("SB Energy India") . 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.

   Read More About : Adani India Renewable Energy
⬅ all news

Please Login to Save News for Later