The Aditya Birla Group has agreed to acquire Shell-backed Sprng Energy Group in a $1.8-billion (around ₹15,000 crore) deal, marking one of the biggest renewable energy transactions in India’s clean power sector.
The acquisition will be carried out through Aditya Birla Renewables, the group’s clean energy platform. Once completed, the deal will significantly expand its renewable energy portfolio and strengthen its position in India’s fast-growing green power market.
Sprng Energy develops and operates large-scale solar and wind power projects across several Indian states. Its portfolio includes operational assets as well as projects under construction, supplying clean electricity to utilities and commercial customers. The acquisition is expected to add substantial renewable generation capacity to Aditya Birla Renewables, helping meet rising demand for green energy.
Shell said the sale is part of its strategy to optimise its global power portfolio while continuing to focus on areas where it has a competitive advantage. The company noted that the transaction aligns with its broader objective of creating value through disciplined capital allocation.
For the Aditya Birla Group, the acquisition supports its long-term commitment to sustainability and the energy transition. The company has been steadily increasing investments in renewable energy to meet its own decarbonisation goals while expanding its clean energy business.
With the country targeting 500 GW of non-fossil fuel power capacity by 2030, demand for solar and wind assets is expected to remain strong.
The transaction is subject to customary regulatory approvals and closing conditions. Once completed, it will rank among the largest acquisitions in India’s renewable energy industry and further consolidate the sector.
The deal also highlights the increasing pace of consolidation in clean energy, as companies seek to scale up quickly through acquisitions rather than building projects from scratch. For both companies, the agreement represents a strategic step aligned with their evolving business priorities in the global energy transition.
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