Mergers and Acquisitions

The Funding and M&A deals happening in the Indian Renewable Energy Sector will be continuously updated in the table below.

DateAcquirer/InvestorAcquiree/InvesteeMerger/Acquisition/Equity StakeAmountTotal Assets/stake Acquired
27-April-2020
KKR
Shapoorji Pallonji Infrastructure Capital (SP Infra)
Acquistion
₹15.54 billion
NA
6-Apr-2020Yinson Renewables
Rising Sun Energy
Equity Stake
₹554 million
37.50%
19-March-2020
Sterling and Wilson Solar
Sterling & Wilson Waaree
Merger
NANA
7-Feb-2020Total
Adani Green Energy Limited (AGEL)
Equity Stake$510 million
50%
10-Jan-2020
SunEdison Infrastructure Limited
SIL Rooftop Solar Power Private Limited (SIL)
Acquistion
NA100%
19-Dec-2019

Vector Green Energy Private LimitedRattanIndia's Solar PortfolioAcquistion
Undisclosed
225 MW
15-Oct-2019
Avyan Renewable SolarSunEdison Infrastructure LimitedEquity Stake
31%
24-Sept-2019Adani Transmission LtdPFC Consulting's SPV Bikaner-Khetri Transmission Limited (BKTL)AcquisitionN.AN.A
30-Aug-2019Adani Green EnergyEssel GroupAcquisitionRs13 Billion Enterprise value205 MW
16-Aug-2019OrixWind Assets of IL&FSAcquisitionN.ARemaining 51% equity stake
10-Jul-2019SunEdison Infrastructure Ltd, IndiaEnrecover Energy Solutions Pvt LtdAcquisitionRs. 11.2 Million51% equity stake
10-Jul-2019SunEdison Infrastructure Ltd, IndiaMegamic Electronics Pvt LtdAcquisitionRs. 10 Million51% equity stake
27-May-2019Cipla LtdCaptive power SPV of AMP SolarEquity StakeRs. 129 Million26% equity stake
15-Apr-2019PetronasAmplus EnergyAcquisitionN.A.100% equity stake
10-Apr-2019Ostro Energy(ReNew Power)Solar Projects of SuzlonAcquisitionN.ASales of suzlon's equity stake
17-Jan-2019AMP SolarSolar Project Rudra SolarfarmsAcquisition$2 Million51% equity stake
15-Jan-2019Adani Green EnergySolar Projects from FS India DevcoAcquisitionRs. 16.9 Million51% equity stake
20-Dec-2018ShellCleantech SolarEquity StakeN.A49% equity stake
30-Nov-2018CLP India100% stake in Solar Farms of SuzlonAcquisitionRs. 325 MillionNA
22-Nov-2018Canadian Solar100% stake in Solar Projects of SuzlonAcquisitionRs. 545 Million30 MW
13-Nov-2018EngieSimpa EnergyAccquisitionN.A90% equity stake
10-Oct-2018ThomasLloydSolar AriseEquity StakeN.AN.A
11-Jun-2018UK Climate Investments, Elite Alfred BergFortumAcquisition of majority stake(54%)Euro 150 Milion185 MW
15-May-2018
Hinduja Power
Kiran Energy
Acquisition
Rs.900-950 Crores
85 MW Solar Assets
07-Feb-2018
IDFC Alternatives
Solar Projects of IL&FS
Acquisition
Not Available
40 MW Solar Projects in MP
16-Nov-2017
ReNew Power
KCT Renewable Energy
Acquisition
Rs. 1000 Crores
103 MW Wind Projects
31-Jul-2017
IDFC Alternatives
Solar Projects of First Solar
Acquisition
Rs. 1920 Crores
190 MW Solar Assets
14-Dec-2016
Hinduja Power
Portfolio of Fonroche Energie SAS
Acquisition
Not Available
22.3 MW Solar Assets
24-Oct-2016
IDFC Alternatives
Solar Projects of Punj Lloyd
Acquisition
Rs. 3.5 Billion
45 MW Solar Assets
(Disclaimer : All the information in the above table are from publicly available sources and may contain inaccuracies. Please contact the transacting organisations for up-to-date information)