Adani Green Energy has successfully completed the $ 3.5 billion acquisition of SB Energy Holdings . With this deal , SB Energy India is now a 100 % subsidiary of AGEL . Earlier , it was a 80:20 joint venture between Japan-based SoftBank Group Corp and Bharti Group . Adani Group Chairman Gautam Adani announced that the Group would invest over $ 20 billion across the next 10 years in renewable energy generation . “ This transaction takes us closer to becoming the global leader in renewables ,” said Vneet S . Jaain , MD & CEO , AGEL . “ The addition of these highquality large utility-scale assets from SB Energy India demonstrates Adani Green Energy ’ s intent to accelerate India ’ s efforts to transition towards a carbon neutral future . Our renewable energy foundations will enable an entire ecosystem of new industries that can be expected to catalyse job creation in multiple sectors .” SB Energy India has 5GW renewable assets across four states in India through its SPVs .

� OCTOPUS ENERGY Octopus Energy has been appointed by Ofgem to take over the customers of Avro Energy , which is under administration . Its Kraken technology platform will make the change “ smooth and straightforward ” it said in a statement .

� LHYFE Lhyfe has inaugurated its first production site in Bouin ( Vendée ), believed to be the first to produce renewable green hydrogen using wind power on an industrial scale . The company has confirmed around 60 projects throughout Europe .

� PETROFAC Petrofac is ‘ drawing a line ’ over bribery charges , after being fined £ 77 million at Southwark Crown Court .

� AVRO ENERGY AND GREEN SUPPLIER Avro Energy and Green Supplier have collapsed as the UK ' s unfolding energy crisis intensifies . Avro Energy supplies gas and electricity to around 580,000 domestic customers and Green Supplier Limited supplies gas and electricity to around 255,000 domestic customers .

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