City-based Greenko Energy Holdings, a renewable energy company, announced Monday that it has signed a pact to buy the assets of Pune-based Skeiron Green Renewables in Andhra Pradesh and Karnataka.
The $922 million acquisition of Orange Renewables Singapore by Mauritius-based Greenko Energy Holdings (GEH) and an additional $447 million equity raise from shareholders is a major positive for the clean energy company, ratings agency Moody’s Investors Service said today.
Solar funding grew last year as approximately 9.6 GW of new solar installations were added to the Indian grid
In 2017, the Indian solar sector logged over $10 billion (~₹650 billion) in financing activity, according to Mercom Capital Group’s recently released 2017 Q4 and Annual India Solar Market Update.
Greenko Energy is set to acquire an Indian hydro power unit from Abu Dhabi’s TAQA for Rs 650 crore, the second instance in four months where the Hyderabad-based renewables company is buying out a distressed local asset from a global utilities major, said officials in the know. Last September, Greenko pipped several potential suitors to […]