Vodafone Idea Acquires 26% Stake in Aditya Birla Renewables SPV to Power Telecom Ops

In a strategic move to bolster its renewable energy portfolio, Vodafone Idea Limited has signed binding Purchase and Power Purchase Agreements (PPAs) on August 12, 2025, to acquire a 26% equity stake in Aditya Birla Renewables SPV 3 Limited (ABRen SPV 3). The special-purpose vehicle (SPV) has been established to own and operate a captive power plant, aimed at supplying clean energy to Vodafone Idea’s telecom operations.

Transaction Highlights

• Equity Stake: 26% in ABRen SPV 3
• Investment Value: ₹1.56 crore, to be infused in tranches over six months
• SPV Incorporation: November 21, 2024
• Authorised Share Capital: ₹6.50 crore
• Paid-up Capital: ₹1 lakh (10,000 equity shares of ₹10 each)
• Turnover: Nil as of date

The agreements were executed with Aditya Birla Renewables Limited, a related party under the Companies Act, 2013. The transaction has received approvals from both the Audit Committee and the Board of Directors of Vodafone Idea.

Vodafone Idea’s investment aligns with regulatory provisions under the Electricity Act, 2003, and the Indian Electricity Rules, 2005, which mandate equity participation for captive power consumption. The move is expected to provide cost-effective and sustainable energy, reducing operational costs and carbon footprint across its telecom infrastructure.

A spokesperson from Vodafone Idea commented, “This partnership reinforces our commitment to sustainability and energy efficiency. By investing in captive renewable energy, we aim to optimize costs and contribute to India’s clean energy transition.”

The telecom sector is increasingly turning to renewable energy to meet rising power demands while adhering to ESG goals. Vodafone Idea’s latest investment reflects a broader industry trend toward green infrastructure and energy independence.