Adani Green Energy Limited (AGEL) is reportedly in talks to buy Japan’s SoftBank Group’s majority 80 per cent stake in solar power producer SB Energy. …
The talks follow the scrapping of SoftBank’s plan to sell the stake to Canada Pension Plan Investment Board (CPPIB) for an estimated $ 525 million. Bharti Enterprises Limited holds the remaining 20 per cent stake in SB Energy. SB Energy has a portfolio of 7.7 GW in India. The deal, if finalised, would help AGEL to reach its targetted generation capacity of 25 GW by 2025.