Orix Plans to Invest in Greenko Energy
Posted on 09/11/2020
Japanese corporation are keen on renewable energy companies in Asia. Tokyo-based Orix Corporation plans to invest US$ 980 million in Hyderabad-based Greenko Energy Holdings for an estimated 20% stake. Greenko Energy is a wind and solar developer in India. Singapore’s GIC Private Limited is the largest shareholder in Greenko, owning a 65% ownership stake.
“In addition to acquiring Greenko’s issued shares from the founders’ group, Orix will integrate its entire wind power generation business in India, into Greenko in exchange for the power firm’s new shares,” Orix said in its press release.