EYEING CLEAN ENERGY

FEBRUARY 2021

DEAL: Renew Power’s merges with blank-cheque company RMG II for public listing

Valuation: $8 bn

MARCH 2021

DEAL: Japan’s ORIX Corporation acquires 21% in Greenko Holdings

Valuation: $961 mn

MAY 2021

DEAL: Adani Green Energy acquires SB Energy India

Valuation: $3.5 bn

JULY 2021

DEAL: Thailand’s Global Power Synergy (GPSC) acquires 41.6% of Avaada Energy

Valuation: $450 mn

OCTOBER 2021

DEAL: Reliance buys China-controlled REC Solar Holdings

Valuation: $771 mn

DEAL: Reliance to buy 40% stake in S&W Solar for ₹2,850 cr

Valuation: ₹6,972 cr

(current m-cap)

Note: All Valuation Approximate