Adani Green Energy Ltd (AGEL) is expected to acquire 74.94 MW of solar projects in Telangana from Shapoorji Pallonji Group company Sterling & Wilson for Rs 446 crore. The company has signed a share purchase agreement for acquisition of 100 per cent stake in two special purpose vehicles holding the 74.94 MW operating solar projects. The projects, commissioned in 2017, are located in Medak district of Telangana and have long-term Power Purchase Agreements (PPA) with the Southern Power Distribution Company of Telangana Limited. The acquisition of the projects will increase the Adani Group company’s operating renewable capacity to 3,470 MW with a total renewable portfolio of 15,240 MW. The closing of the transaction is subject to customary approvals and conditions. The transaction is expected to be completed by March 2021.