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.
In a May stock exchange filing, the renewable energy company led by billionaire Gautam Adani said it would buy SB Energy Holdings for an enterprise value of $3.5 billion. Adani is buying SoftBank Group Capital's 80% stake in SB Energy, and the remaining 20% held by Bharti Global in a cash deal.
