Adani Green to purchase 5GW renewable assets of SB Energy India

20 May 2021 CW Team

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

Building Material

12 Sep 2025

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..