Aditya Birla Renewables (ABRen), part of the Aditya Birla Group, is set to acquire Shell-backed Sprng Energy in a deal valued at about $1.8 billion (reported as Rs 17,200 crore). The transaction is intended to add nearly 5 gigawatt-peak (GWp) of contracted renewable energy capacity to ABRen’s portfolio. This includes roughly 3.3 GWp of operational projects and about 1.7 GWp of projects under construction.
After the acquisition, ABRen’s total portfolio is expected to rise to around 9.3 GWp. The deal is subject to regulatory approvals and is expected to close by the end of 2026. Funding is described as coming from Global Infrastructure Partners, alongside support from Grasim Industries.
Across reports, the transaction is presented as part of ongoing consolidation in India’s renewable energy sector, with ABRen expanding its contracted generation footprint through the purchase of Sprng Energy’s business.
