Aditya Birla Renewables (ABRen), the renewable energy arm of the Aditya Birla Group, has secured a $1.6 billion (~₹153.08 billion) term loan facility from Mitsubishi UFJ Financial Group (MUFG) for its proposed acquisition of Solenergi Power, which includes the Sprng Energy group of companies.

ABRen signed an agreement to acquire Sprng Energy from Shell Overseas Investment for an enterprise value of ₹172 billion (~$1.8 billion) in July this year.

MUFG provided the sole underwritten facility and acted as the mandated lead arranger, underwriter, and bookrunner for the transaction.

MUFG described the transaction as one of the largest acquisitions in India’s renewable energy sector. The lender did not disclose the loan tenure, interest rate, repayment terms, or other financial terms of the facility in the announcement.

Shailesh V., Co-head of Asia Pacific Capital Markets Group at MUFG, said the transaction demonstrated the bank’s acquisition financing and underwriting capabilities across the Asia Pacific region. He added that MUFG used its distribution platform across markets and currencies for the transaction.

In March 2026, the Competition Commission of India approved GIP’s EM Star‘s subscription to ABRen’s equity shares worth $335 million.

In August 2025, Vodafone Idea entered into a power purchase agreement with Aditya Birla Renewables SPV 3 to procure power from an upcoming 4 MW captive solar power project in Maharashtra.

In December 2025, ABRen secured an investment commitment of ₹20 billion (~$222.37 million) from Global Infrastructure Partners, a part of BlackRock, with a greenshoe option to invest an additional ₹10 billion (~$111.18 million).

In September 2024, Aditya Birla Renewables raised ₹25 billion (~$299.26 million) through a private placement of non-convertible debentures.

According to Mercom Capital Group’s 1H and Q2 2026 Solar Funding and M&A Report, solar corporate merger and acquisition activity strengthened during the period, increasing to 57 transactions in 1H 2026 from 50 transactions in the corresponding period of 2025.