Adani Green Signs to Acquire 100% Stake in SB Energy
Adani Green Energy (AGEL) has signed a share purchase agreement to acquire a 100% stake in SB Energy India.
The transaction values SB Energy India at an enterprise valuation of approximately Rs. 26,000 crore and the transaction is expected to be completed by August 2021. With this acquisition, AGEL will achieve a total renewable capacity of 24.3 GW and an operating renewable capacity of 4.9 GW.
SB Energy India has a renewable energy portfolio of 4,954 MW which comprises of 4,180 MW Solar capacity, 450 MW in Wind-Solar Hybrid capacity and 324 MW in Wind Energy capacity.