Home > Resources > News > Resources

Resource detail

Title: Greenko Group buys Orange Renewable at billion-dollar valuation
Source:Mint
Date:4 June 2018

Greenko Group has agreed to buy Orange Renewable from Singapore’s AT Capital Group at an enterprise value of $1 billion, Greenko Group founder Mr Mahesh Kolli said. Greenko, backed by sovereign wealth funds GIC Holdings Pte Ltd and Abu Dhabi Investment Authority, will make an equity payout of around $300 million, said Mr Kolli, who is also president and joint managing director of Greenko. Once the transaction is completed, Greenko’s total renewable energy operational capacity will increase by 1 gigawatt (GW) to 4.2 GW, the second largest in India after ReNew Power Ventures Pvt. Ltd. The Hyderabad-based company also has 600 megawatts (MW) of clean energy projects under construction.




Read more