Renewables project acquisitions rise 300% to $6 billion in 2021: Study

As much as $6 billion worth of acquisition deals have been executed in the country’s renewable energy space in the first ten months of 2021, according to an independent study released on Wednesday by the CEEW Centre for Energy Finance and the International Energy Agency. The value of the deals is more than 300% higher than the $1.5 billion of such transactions reported in 2020. The upswing in 2021 is marked by Adani Green Energy’s acquisition of SB Energy’s 4,954 mega-watt (MW) of renewable energy projects at an enterprise value of $3.5 billion.