SUBSCRIBE
PROFILE

Adani Green acquires SB Energy for $3.5 billion

Share:

Subscribe for unlimited access to all energy sector news.

Over 150 multisector articles and analyses every week.

Your 1st year at 99 $*

then 199 $/year

SUBSCRIBE — 99 $ for the 1st year

Create a free account to read this article

*renews at 199$/year, cancel anytime before renewal.

Adani Green Energy has just completed the acquisition of SB Energy.
The deal is worth $3.5 billion and becomes the largest acquisition in India’s renewable energy sector.

Adani Green completes signing of May 2021 agreements

This acquisition completes the signing of definitive agreements between the two parties in May 2021.
Previously, SB Energy was an 80/20 joint venture between Japan’s SoftBank Group and India’s Bharti Group. .

This acquisition accelerates Adani Green’s future aspirations, as explained by its Managing Director, Vneet S. Jaain:

“The addition of these high-quality, large-scale assets from SB Energy India demonstrates Adani Green Energy’s commitment to accelerating India’s efforts to move towards a carbon-neutral future (…) which should catalyze job creation across multiple sectors.”

5 GW of additional renewable energy

Adani Green, via SB Energy, now owns 5 GW of renewable assets in four Indian states.
These assets comprise 1.7 GW of operational renewable assets, 2.6 GW under construction and 700 MW in the pipeline.
Solar power production amounts to 4.1 GW, wind-solar hybrid to 450 MW and wind power to 324 MW.

With 15 projects and an average output of 330 MW, this new portfolio is one of the highest quality in India.

With this acquisition, the Indian market leader boosts its operating and global portfolio to 5.4 GW and 19.8 GW respectively. Ultimately, the company aims to become the world’s largest renewable energy company.
To achieve this, it is counting on an investment of $20 billion over the next 10 years.

  • Popular on energynews.pro
Brazil Mobilizes $1 Billion for 65 Hydropower Plants
BOEM validates final review for 30 offshore sales in the Gulf of America
India diversifies coking coal purchases, Australia retreats
Quebec allocates $1.5M to meet the demand for wind turbine technicians
Equinor, Shell and TotalEnergies launch the first subsea CO2 injection in Norway
Martijn Hagens to lead Eneco from March 2026
Eneco’s Supervisory Board has appointed Martijn Hagens as the next Chief Executive Officer. He will succeed interim CEO Kees Jan Rameau, effective from 1 March 2026.
Data centres in Japan to drive 60% of electricity demand growth by 2034
With $28 billion in planned investments, hyperscaler expansion in Japan reshapes grid planning amid rising tensions between digital growth and infrastructure capacity.
Ørsted suffers historic drop and closes at around 26 USD after offshore project suspension
The suspension of the Revolution Wind farm triggers a sharp decline in Ørsted’s stock, now trading at around 26 USD, increasing the financial stakes for the group amid a capital increase.
Hydro-Québec increases net income and intensifies investments
Hydro-Québec reports net income of C$2.3 billion in the first half of 2025, up more than 20%, driven by a harsh winter and an effective arbitrage strategy on external markets.
Air Liquide acquires South Korean DIG Airgas for €2.85 billion
French group Air Liquide strengthens its presence in Asia with the acquisition of South Korean DIG Airgas, a key player in industrial gases, in a strategic €2.85 billion deal.
France: the government asks EDF to reassess the sale of its subsidiary Exaion
The Ministry of Economy has asked EDF to reconsider the majority sale agreement of its technology subsidiary Exaion to the American group Mara, amid concerns related to technological sovereignty.
IBM and NASA launch AI model to anticipate solar storm risks
IBM and NASA unveil an open-source model trained on high-resolution solar data to improve forecasting of solar phenomena that disrupt terrestrial and space-based technological infrastructures.
LPSC approves 3 new power plants to support Meta’s data center
The Louisiana regulatory commission authorizes Entergy to launch major energy projects tied to Meta’s upcoming data center, with anticipated impacts across the regional power grid.
Westbridge Reduces Common Shares by Four to Attract Institutional Investors
Westbridge Renewable Energy will implement a share consolidation on August 22, reducing the number of outstanding shares by four to optimize its financial market strategy.
T1 Energy strengthens its U.S. solar strategy and reaffirms 2025 targets
T1 Energy secures a wafer supply contract, signs 437 MW in sales, and advances G2_Austin industrial deployment while maintaining EBITDA guidance despite second-quarter losses.
Masdar mobilizes USD 1.685 billion for energy projects through green bonds
Masdar has allocated the entirety of its 2023–2024 green bond issuances to solar, wind, and storage energy projects, while expanding its financial framework to include green hydrogen and batteries.
Energiekontor issues a €15 million green bond for its European projects
Energiekontor launches a €15 million corporate bond at 5.5% over eight years, intended to finance wind and solar projects in Germany, the United Kingdom, France, and Portugal.
United States: 2024 Capex and M&A Strengthen Producers’ Energy Advantage
The 2025 EY study on 40 groups shows capex driven by mega-deals, oil reserves at 34.7 billion bbl, gas at 182 Tcf, and pre-tax profits declining amid moderate prices.
Ampol’s Half-Year Profit Drops 23% but Exceeds Market Expectations
Australian fuel distributor Ampol reports a 23% drop in net profit, impacted by weak refining margins and operational disruptions, while surpassing market forecasts.
Puerto Rico faces a sharp rise in power outages in 2024
Puerto Rico customers experienced an average of 73 hours of power outages in 2024, a figure strongly influenced by hurricanes, according to the U.S. Energy Information Administration.
CITGO posts $100 million net profit in second quarter 2025
CITGO returns to profitability in Q2 2025, supported by maximum utilization of its refining assets and adjusted capital expenditure management.
MARA invests $168mn to acquire 64% stake in EDF’s subsidiary Exaion
MARA strengthens its presence in digital infrastructure by acquiring a majority stake in Exaion, a French provider of secure high-performance cloud services backed by EDF Pulse Ventures.
ACEN reaches 2,100 MW of attributable renewable capacity in India
ACEN strengthens its international strategy with over 2,100 MWdc of attributable renewable capacity in India, marking a major step in its expansion beyond the Philippines.
RWE posts €2.1bn adjusted EBITDA in H1 2025 despite adverse wind conditions
German group RWE maintains its annual targets after achieving half its earnings-per-share forecast, despite declining revenues in offshore wind and trading.
OT Cyberattacks: Energy Sector Faces $329 Billion in Risks
A Dragos report reveals the scale of cyber vulnerabilities in global energy infrastructures. Potential losses reach historic highs.

Log in to read this article

You'll also have access to a selection of our best content.

or

Go unlimited with our annual offer: $99 for the 1styear year, then $ 199/year.

SUBSCRIBE - €99