Greenko inks agreements for $329 million equity funding

Greenko inks agreements for $329 million equity funding

Renewable energy company Greenko Energy Holdings has signed definitive agreements for a primary equity raising of $824 million, which includes a previously announced $495 million raising, for integrated renewable energy projects (IREP) from an affiliate of GIC and by the Abu Dhabi Investment Authority (ADIA).

Post the investment, GIC will continue to remain as the majority shareholder of Greenko. GIC is a global investment firm with over $100 billion in assets under management.

Hyderabad-based Greenko, which has operational capacity of over 4.2 GW, has diversified across wind, solar and hydro projects and has secured a total equity commitment of $824 million from its existing shareholders subject to meeting certain conditions. Read more

Leave a Reply

Your email address will not be published.