Orix Announces Strategic Divestment
Global investment giant Orix has made headlines with its recent announcement regarding the sale of its 17.5% stake in Greenko Energy. This significant move involves transferring ownership to AM Green Power B.V., a company owned by the founding partners of Greenko Group, Anil Chalamalasetty and Mahesh Kolli. This strategic shift reflects Orix’s focus on aligning its investments in renewable energy with emerging growth opportunities.
Investment in AM Green Power
Alongside the divestiture, Orix plans to invest a substantial $750 million in AM Green Power through convertible notes. This investment aims to underpin the goals of AM Green as it capitalizes on the booming renewable energy sector in India. By backing innovations in clean energy, Orix signals its commitment to sustainable investment practices and contributes to the energy transition.
The Future of Greenko Group
Greenko Group, recognized as a frontrunner in the Indian renewable energy landscape, will continue to flourish with this new investment from Orix. The collaboration between Orix and Greenko’s founders will likely pave the way for enhanced development projects and operational efficiencies. As the world gravitates towards sustainable practices, this partnership may bring forth groundbreaking advancements in clean energy solutions, benefitting both companies and the environment.
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