Aditya Birla Renewables secures USD 1.6 billion loan for Solenergi Power acquisition

Aditya Birla Renewables (ABRen) has secured a USD 1.6 billion term loan facility from Mitsubishi UFJ Financial Group (MUFG) to fund its acquisition of Solenergi Power, which includes the Sprng Energy group of companies.

The transaction, valued at approximately USD 1.8 billion (Rs. 17,200 crore), follows a definitive agreement signed in July 2026. Through this deal, ABRen will acquire a 100% equity stake in Solenergi Power from Shell Overseas Investment. The acquisition is expected to expand ABRen’s renewable energy portfolio to 9.3 GWp.

Sprng Energy brings a portfolio of 5.0 GWp of assets, consisting of 3.3 GWp of operating capacity and 1.7 GWp of contracted capacity, providing solar and wind power to electricity distribution companies in India. MUFG served as the sole underwriter, mandated lead arranger, and bookrunner for the facility.