28 May 2021
Morrison & Foerster is advising SoftBank Group Corp. on the sale of its majority stake in SB Energy Holdings Limited (“SB Energy India”), a renewable assets joint venture between SoftBank and Bharti Group, to Adani Green Energy Limited, an India-based renewable energy company owned by the Adani Group.
The deal is the largest M&A transaction in the renewable energy sector in India. The portfolio comprises high-quality, large-scale utility renewable assets with 84% solar capacity, 9% wind-solar hybrid capacity, and 7% wind capacity.
The transaction was announced on May 19, 2021 and is subject to customary approvals and conditions.
The MoFo team representing SoftBank on the transaction is led by London corporate partners Gary Brown and Simon Arlington.
For further information, please contact:
Gary Brown, Partner, Morrison & Foerster
gbrown@mofo.com
