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2 clusters · 3 sources · 6 days · First seen · Last updated

Aditya Birla Renewables Solenergi Power acquisition

Overview

Aditya Birla Renewables (ABRen) secured a USD 1.6 billion term loan facility from Mitsubishi UFJ Financial Group (MUFG) to finance its acquisition of Solenergi Power. This acquisition, which includes the Sprng Energy group of companies, involves purchasing a 100% equity stake from Shell Overseas Investment for an enterprise value of approximately USD 1.8 billion.

The deal is expected to expand ABRen’s renewable energy portfolio to 9.3 GWp. The Sprng Energy assets contribute 5.0 GWp, comprising 3.3 GWp of operating capacity and 1.7 GWp of contracted capacity, providing solar and wind power to electricity distribution companies in India.

Entities

Mitsubishi UFJ Financial Group · Aditya Birla Renewables · Shell · Swift Current Energy · Sprng Energy

Timeline

  1. 18 days ago

    [BUSINESS] 2 sources
    Aditya Birla Renewables secures $1.6 billion for acquisition

    Aditya Birla Renewables secured $1.6 billion for its acquisition of Sprng Energy, while Swift Current Energy and Key Capture Energy closed major credit facilities in the U.S. energy sector.

  2. 23 days ago

    [BUSINESS] 2 sources
    Aditya Birla Renewables secures USD 1.6 billion loan for Solenergi Power acquisition

    Aditya Birla Renewables secured a USD 1.6 billion loan from MUFG to acquire Solenergi Power and Sprng Energy, expanding its renewable energy portfolio to 9.3 GWp.

Sources

mercomcapital.com · mercomindia.com · nur.cz