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Aditya Birla Group Acquires Shell's India Renewables Energy Arm, Sprng Energy, for $1.8bn
The deal adds a 5 GWp contracted portfolio and lifts Aditya Birla Renewables to 9.3 GWp, company officials said.
- On Monday, Aditya Birla Renewables Ltd agreed to acquire Shell-backed Sprng Energy for about $1.8 billion, positioning the company among India's largest renewable energy players.
- The acquisition adds a contracted portfolio of around 5 GWp, comprising 3.3 GWp of operational capacity and 1.7 GWp under construction, expanding ABRen's total to 9.3 GWp.
- Director Aryaman Vikram Birla described the deal as "a pivotal moment in ABRen's evolution, rapidly accelerating our ambition to build a top-tier renewable energy platform at national scale."
- Funding involves a mix of debt and equity from Grasim Industries and Global Infrastructure Partners , a part of BlackRock, with the transaction expected to close before year-end 2026.
- Having nearly reached its prior 10 GWp target ahead of schedule, ABRen now targets more than 20 GWp of renewable energy capacity over the next few years.
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Shell is going to sell a renewable energy subsidiary in India for nearly 1.6 billion euros, the company announced yesterday…
·Netherlands (Kingdom of the)
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Billionaire Birla to Buy Shell's Indian Renewables Unit
A unit of billionaire Kumar Mangalam Birla’s conglomerate agreed to buy Shell Plc’s renewable energy assets in India for an enterprise value of 172 billion rupees ($1.8 billion) in one of the largest clean energy deals in the country.
·Canada
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Coverage Details
Total News Sources25
Leaning Left4Leaning Right7Center5Last UpdatedBias Distribution44% Right
Bias Distribution
- 44% of the sources lean Right
44% Right
L 25%
C 31%
R 44%
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