The acquisition of SB Energy’s assets will help his renewable energy unit meet its target four years ahead of time and make it the world’s largest solar power developer. Is Adani the new green messiah?
Till about a fortnight ago, it looked like Gautam Adani, chairman of the $100 billion Adani Group, had missed the bus on what could have been India’s biggest renewable energy deal.
On offer was a company with a portfolio of assets adding up to 5 gigawatt in capacity. Some of these assets were in operation while others were in various stages of execution. The company, SB Energy India, a joint venture between Japanese investor SoftBank and Delhi-based telecoms player Bharti Airtel, also had in place power purchase agreements with various government entities, which guaranteed that the power it generated would …
Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.
Executive Editor
surendar@mailtmc.com
Mumbai
Jayshree is a former writer at The Morning Context. As journalist, she had nearly a decade of experience across Mint, Business Standard and Bloomberg TV India. The bulk of her career has been devoted to tracking the capital markets regulator, exchanges, regulatory policies, financial scams and corporate governance issues. One of her biggest breaking stories was her incisive coverage of the colocation scam which put the lapses at NSE in the public domain.
jayshree@mailtmc.com