ORIX completed the acquisition of a 21.8% stake in Greenko for $961m.

ORIX, a private equity firm, completed the acquisition of a 21.8% stake in Greenko Energy Holding, a renewable energy equipment supplier, for $961m. Simultaneous to acquiring issued shares in Greenko, ORIX integrated its entire wind power generation business in India into Greenko in exchange for new additional shares of Greenko. “We welcome ORIX as a long-term partner. The transaction will further drive capacity, revenue, EBITDA and overall earnings growth for Greenko and our stakeholders. Indian energy markets are transitioning from deficit markets to demand-driven contracts requiring reliable, flexible and cost-competitive energy. Greenko is focused on building IREP with storage, which can compete with conventional energy assets like thermal in quality, quantity and cost,” Anil Chalamalasetty, Greenko Managing Director and CEO.