亚博体育官网首页

Adani Green Energy (AGEL) has signed share purchase agreements for the purchase of a 100% interest in SB Energy India from Bharti Group (20%) and from SBG (80%). The deal is the biggest acquisition in the renewable energy sector in India, and it values SB Energy India at an industry valuation of around $3.5 billion. SB Energy has a renewable portfolio of a complete 4,954 MW over four states in India. The portfolio consists of large scale utility assets, including 9% wind-solar hybrid capacity (450 MW), 84% solar capacity (4,180 MW), and 7% wind capacity (324 MW). All the projects have 25-year power purchase agreements (PPAs) with sovereign ranked counterparties like NTPC, NHPC, and Solar Energy Corporation of India (SECI). The portfolio contains 1,400 MW operational solar energy capacity, and 3,554 MW is below construction. By this deal, AGEL will accomplish a total renewable capacity of 24.3 GW and an operating capacity of 4.9 GW. The acquisition shows AGEL's plan to be the lead in sustainable energy development universally. So, it makes it one of the biggest renewable energy platform globally. Operating assets forming part of the portfolio are essentially solar park based projects and have been established following the highest class governance, construction, plan development, maintenance, resulting being the highest renewable portfolios in the nation. The closing of the deal is subject to customary permissions and limitations. Privately owned SB Energy was established in 2011, and it is involved in the production, supply and sale of electricity and power generated from renewable sources. Image Source Also read: Adani Green Energy signs agreement to acquire solar assets of 205 MW Also read: Total SE buys 20% stake in Adani Green