Greenko Group Set to Acquire Skeiron’s Renewable Assets in a $200 Million Deal


Greenko Group Set to Acquire Skeiron’s Renewable Assets in a $200 Million Deal

The Greenko Group has entered into a definitive purchase agreement to acquire Skeiron Green Renewables. The deal will add approximately $200 million to Greenko’s EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) in the first full year after close, with further accretion and growth anticipated thereafter.

This comes on the heels of Greenko acquiring approximately 907 MW of operational solar and wind projects from Orange Renewables and over 500 MW of assets under development.

According to the company, the combined deal of Orange and Skeiron will add about 1,300 MW operating and near completion wind and solar assets and increase Greenko’s overall operational capacity to about 4.5 GW of a well-diversified and de-risked portfolio of wind, solar, and hydro.

Greenko has an additional under-construction capacity of over 8 GW, as well as largely integrated renewable energy projects, which will take its total operating capacity to about 12 GW. Read more

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