British Billionaire Sanjeev Gupta Buys Major Share in Zen Energy

It’s an opportunity to invest in large-scale power projects to meet its own industrial requirements and support the domestic economy

British billionaire Sanjeev Gupta has purchased a majority stake in Adelaide energy company Zen Energy. Zen Energy is focused on renewable energy and storage technologies and the joint businesses of Gupta’s GFG Alliance and Zen will be named SIMEC Zen Energy as reported by ABC News.

It has been a priority for the company to take decisive remedial steps and combining our power expertise developed in the UK and Zen’s local knowledge in Australia, thus making this a natural partnership

– Sanjeev Gupta

The GFG Alliance boasts of 500 megawatts of operating power in the UK and another 500 megawatts still under construction.

Click here to read the full story on ABC News

 

 

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Written by Jon Capistrano

Jon specialises in research and content creation for our outreach campaigns. He’s worked as a technical support representative for Dell, America Online, Xbox and Dodo Australia. He’s an avid scooterist and musician.

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