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,
Greenko Group has called off its plan to buy Orange Renewable from Singapore’s AT Capital Group and investment bank Rothschild Inc.
Live Mint quoted two people aware of the development as saying that renewable energy company Greenko Group is in talks with Essel Infraprojects Ltd to acquire its power transmission business for an estimated USD 1 billion. Subhash Chandra’s Essel Infraprojects has five transmission projects in its portfolio.
India’s clean energy firms such as ReNew Power Ventures Pvt. Ltd and Greenko Group are looking at diversifying across the electricity value chain in segments such as transmission and distribution to derive better value.
Canadian solar energy developer SkyPower is in separate talks with Hyderabad-based Greenko Group and Sumant Sinha-led ReNew Power Ventures to sell stake in its Indian projects, said two people aware of the development.
Greenko Group and Hero Future Energies Pvt. Ltd are in separate talks with Singapore-based AT Capital Group to acquire Orange Renewable’s portfolio of 758 megawatt (MW) capacity, several people aware of the development said.
Hyderabad-based renewable power producer Greenko Group has raised INR 30 billion (USD 463m/EUR 397m) from issuing Indian rupee-denominated bonds.
Given the uncertainties surrounding India’s renewable energy industry, Hyderabad-based Greenko Group is planning a $750 million equity investment for buying power transmission and distribution (T&D) assets to diversify.
Greenko Group is in talks with bankers to raise Rs3,000 crore through selling bonds in domestic market as it looks to refinance debt of solar power projects, according to three people familiar with the development.
Since India signed the Paris climate deal in 2015, a number of public and private companies have sold green bonds to raise money.