Solar power developer Adani Green Energy (AGEL) announced that it has completed the acquisition of SB Energy Holdings Ltd (SB Energy India). With this deal, SB Energy India is now a 100% subsidiary of AGEL. Earlier, it was a 80:20 joint venture between Japan-based SoftBank Group Corp and Bharti Group. The transaction pegs SB Energy…
Tag: Vneet S. Jaain
Adani Green Energy acquires solar projects from Sterling & Wilson at Rs 446 cr
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•Adani Green Energy Limited (AGEL), one of the largest renewables companies in India, announced that it has signed a share purchase agreement for the acquisition of 100% stake in two SPVs holding 74.94 MW operating solar projects of Sterling & Wilson, a Shapoorji Pallonji group company. The projects, commissioned in 2017, are located in Medak…