Aditya Birla Renewables Limited is acquiring Sprng Energy for USD 1.8 billion, including debt, to nearly double its renewable capacity to about 9.4 GW and help reach India’s ambitious 20 GW target, supported by a diversified solar and wind portfolio and strategic expansion.
India
-Oneindia Staff
Aditya Birla Group has announced one of the biggest acquisitions in India’s renewable energy sector by acquiring Sprng Energy, the India-focused clean energy platform backed by Shell, in a deal valued at $1.8 billion (around ₹17,200 crore), including debt. The acquisition marks a significant milestone in the conglomerate’s clean energy expansion strategy and further strengthens its position in India’s rapidly growing renewable power market.
The acquisition will be carried out through Aditya Birla Renewables Limited (ABRen), the renewable energy arm of Grasim Industries. The transaction is subject to regulatory approvals and customary closing conditions.
Aditya Birla Renewables Limited is acquiring Sprng Energy for USD 1.8 billion, including debt, to nearly double its renewable capacity to about 9.4 GW and help reach India’s ambitious 20 GW target, supported by a diversified solar and wind portfolio and strategic expansion.
With the acquisition of Sprng Energy, Aditya Birla Renewables’ total renewable energy portfolio will expand to nearly 9.4 GW, almost doubling its existing capacity. Sprng Energy brings a diversified portfolio of solar and wind projects spread across multiple states, comprising both operational assets and projects under development. The acquisition will significantly enhance the Group’s ability to cater to the growing demand for clean electricity from industrial and commercial consumers while strengthening its position in India’s renewable energy landscape.
20 GW target in sight
The Sprng Energy acquisition is a crucial step towards Aditya Birla Group’s long-term renewable energy ambitions. The company has set a target of achieving 20 GW of renewable energy capacity over the next three years, making this acquisition a major building block in its expansion strategy.
With its renewable portfolio now approaching the 10 GW mark, the Group is expected to continue scaling up through a combination of greenfield developments and strategic acquisitions. The move reflects its commitment to creating one of India’s largest integrated clean energy platforms while supporting the country’s transition to sustainable power.
Kumar Mangalam Birla calls it a transformative move
Chairman Kumar Mangalam Birla described the acquisition as a transformative milestone in the Group’s renewable energy journey. He said the deal reflects the company’s long-term vision of building a world-class clean energy business that aligns with India’s energy transition and growing demand for sustainable power solutions. He added that the acquisition reinforces the Group’s commitment to investing in businesses that contribute to long-term energy security while creating value through sustainable growth.
Shell sharpens global business focus
For Shell, the sale of Sprng Energy forms part of its broader global strategy to optimise its portfolio and focus investments on businesses offering stronger long-term returns. The company had acquired Sprng Energy in 2022 and has now decided to monetise the asset as it reshapes its global energy business.
Big boost for India’s green energy ambitions
The acquisition comes at a time when India is accelerating its clean energy transition with an ambitious goal of achieving 500 GW of non-fossil fuel energy capacity by 2030. Industry experts believe that large-scale transactions such as this will encourage further investments, improve project execution and accelerate the development of renewable energy infrastructure across the country.
Once the transaction receives the required regulatory approvals, Aditya Birla Group is expected to emerge as one of India’s leading renewable energy companies. The deal not only strengthens the Group’s clean energy portfolio but also reinforces its long-term commitment to sustainability, energy security and India’s green growth story.
