Adani Green Energy on Friday said it has acquired 100 per cent stake in two special purpose vehicles (SPVs) that own 75 MW operating solar projects in Telangana from Sterling & Wilson.
The projects, commissioned in 2017, have long-term power purchase agreements (PPA) with the Southern Power Distribution Company of Telangana.
“Adani Green Energy Limited has completed acquisition of 100 per cent of the share capital and all the securities of Surajkiran Solar Technologies Private Limited and Dinkar Technologies Private Limited from Sterling and Wilson Private Limited,” it said in a BSE filing.
Earlier this week, Adani Green Energy Ltd (AGEL) had signed definitive agreements with Sterling & Wilson, a Shapoorji Pallonji group company, for the acquisition.
