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Energy

Adani-Softbank's $3.5bn deal spurs green energy consolidation

Increasing price competition in India to squeeze solar power players

 Adani Green, India's largest renewable energy company, is bulking up on assets, with plans to buy Japan's SB Energy Holdings from SoftBank Group for $3.5 billion.   © Reuters

MUMBAI -- Adani Green Energy, which plans to buy SoftBank Group's renewable energy assets in India, points to a new round of consolidation in the sector, which has drawn interest from private equity investors and top energy companies in recent years.

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