M&A Deal Summary

The Tata Power Company Acquires AES Saurashtra Windfarms Pvt.

On March 4, 2014, The Tata Power Company acquired renewable energy company AES Saurashtra Windfarms Pvt. from AES

Acquisition Highlights
  • This is The Tata Power Company’s 1st transaction in the Renewable Energy sector.
  • This is The Tata Power Company’s 1st transaction in India.

M&A Deal Summary

Date 2014-03-04
Target AES Saurashtra Windfarms Pvt.
Sector Renewable Energy
Buyer(s) The Tata Power Company
Sellers(s) AES
Deal Type Divestiture

Target

AES Saurashtra Windfarms Pvt.

Gurgaon, India
AES Saurashtra Windfarms Pvt. Ltd. is a renewable electricity providers.

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Buyer(S) 1

Buyer

The Tata Power Company

Mumbai, India

Category Company
Founded 1915
Sector Electrical Equipment
Employees18,626
Revenue 614.5B INR (2024)
DESCRIPTION

Tata Power is an integrated power company with a significant international presence. The Company has an installed generation capacity of 8585 MW in India and a presence in all the segments of the power sector viz generation (thermal, hydro, solar and wind), transmission, distribution and trading. Tata Power Company was founded in 1915 and is based in Mumbai, India.


DEAL STATS #
Overall 1 of 2
Sector (Renewable Energy) 1 of 2
Type (Divestiture) 1 of 1
Country (India) 1 of 2
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-14 Welspun Renewables Energy Pvt

Mumbai, India

Welspun Renewables Energy Pvt Ltd. is one of the largest operating solar portfolios in India spread across ten states. It has about 1,141 MW of Renewable Power Projects comprising of about 990 MW Solar Power Projects and about 150 MW of Wind Power Projects. Out of 1,141 MW renewable portfolio, over 1,000 MW of capacity is operational and balance capacity is under advanced stages of implementation.

Buy -

Seller(S) 1

SELLER

AES

Arlington, Virginia, United States

Category Company
Founded 1981
Sector Utilities
Employees9,600
Revenue 12.7B USD (2023)
DESCRIPTION

AES is a power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 21 countries. AES understands that a reliable, affordable supply of electricity is essential to human progress, economic growth, public health and security. AES was founded in 1981 and is based in Arlington, Virginia.


DEAL STATS #
Overall 9 of 12
Sector (Renewable Energy) 5 of 7
Type (Divestiture) 6 of 8
Country (India) 1 of 1
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-31 AES - Wind Farms

United States

AES - Wind Farms, operates wind energy projects.

Sell $27M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-13 Main Street Power Company

Boulder, Colorado, United States

Main Street Power Company, Inc. is a owner, operator and financier of distributed solar projects and has developed more than 200 commercial projects and several residential platforms across the United States.

Buy -