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Orix Corporation (Orix) has announced that it has completed its acquisition of shares in Greenko Energy Holdings (Greenko). Simultaneous to acquiring issued shares in Greenko, Orix integrated its entire wind power generation business in India into Greenko in exchange for new additional shares of Greenko.
Greenko manages renewable power generation facilities with a total capacity of 6.9GW in operation—including solar, wind, and hydro—and has additional capacity of more than 8GW either under construction or in development. Greenko has long-term power purchase agreements (PPA) averaging over 20 years with India’s government-run agencies, state-owned power companies, and other entities.
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