Adani Green Energy’s operational capacity grew by 93% YoY to 5,410 MW
The renewable energy developer’s operational capacity increased to 5,410 MW (4,763 MW solar and 647 MW wind) as of September 30, 2021, a 93% growth from 2,800 MW in September last year. Much of this capacity addition during the year was through the acquisition of operational solar assets.
Reliance offers INR 375/share to raise 25.9% stake in Sterling and Wilson Solar
The new energy arm of Reliance Industries Limited has made an open offer to acquire 4,91,37,420 shares from Sterling and Wilson Solar’ public shareholders at a price of INR 375 per share.
Siemens raises 26% stake in solar plant for self-consumption
The captive solar plant in Mumbai is being developed by Cleantech through a special purpose vehicle called Sunsole Renewables. The solar electricity generated will power manufacturing operations at Siemens’ Kalwa factory in Maharashtra.
Technique Solaire completes acquisition of 34 MW solar plant from Jakson
The ground-mounted solar plant, located in the Indian state of Uttar Pradesh, is now the highest capacity PV plant owned by the France-based Technique Solaire group. The plant produces 49,500 MWh of renewable electricity per annum.
Reliance New Energy Solar to invest $29 million in German wafer manufacturer NexWafe
The Reliance Industries Ltd arm, which plans solar gigafabs in Gujarat, has raised a stake in German wafer manufacturer NexWafe with an investment of EUR 25 million ($29 million).
Jubilant Ingrevia raises 26.6% stake in 15.5 MW captive solar plant
Jubilant Ingrevia, a Noida-headquartered integrated life science solutions provider, has signed the agreement to acquire a 26.6% equity stake in the 15.5 MW solar power plant for its captive consumption. The plant, located in Maharashtra, is being developed by Amp Energy through a step-down subsidiary.
Reliance Industries’ new energy arm to acquire 40% stake in Sterling and Wilson Solar
The acquisition gives Reliance New Energy Solar access to Sterling and Wilson Solar’s PV plant engineering and project management skills as it aspires to become a global leader in green energy based on the latest and most cost-competitive technologies and development capabilities.
Adani concludes India’s largest renewables M&A transaction
Adani Green Energy has completed the acquisition of 5 GW of solar and wind assets from SB Energy India for $3.5 billion, marking the largest renewables M&A deal in the country. The acquisition swells Adani’s operational capacity by 46%.
Adani Green to buy Essel’s 40 MW solar assets in Odisha
The operating solar assets benefit from a long-term power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) at an INR 4.235/kWh tariff. The remaining PPA life is 22 years.
Renewable energy investment in just four months exceeds FY2021 figures
The Indian renewable energy sector received an investment of US$6.6 billion between April and July 2021, beating the total for the previous financial year.
