Adani Green completes Rs 26,000 crore acquisition of SB Energy India’s green assets
Adani Green Energy (AGEL), the renewable energy arm of the Adani Group, said on Monday that it has completed the acquisition of SB Energy India, which houses 4,954 megawatt (MW) of renewable energy projects across the country for around Rs 26,000 crore ($3.5 billion).
The deal, first announced in May, marks the largest acquisition in the renewable energy sector in India helping AGEL achieve a total renewable capacity of 19,800 MW, with 5,400 MW of operational and the remaining capacity comprising under-construction assets.
