Greenko Energy Holdings (Greenko) has announced that it has completed the Orange Renewables acquisition and entered into a definitive purchase agreement to acquire Skeiron Green Renewables.
The combined deal of Orange and Skeiron will add about 1,300MW operating and near completion wind and solar assets and increase Greenko’s overall operational capacity to about 4.5GW of wind, solar and hydro energy. Greenko has an additional under-construction capacity of over 8GW, largely Integrated Renewable Energy Projects, which will take its total operating capacity to about 12GW. The deal will add approximately US$ 200 million to Greenko’s EBITDA in the first full year after close, with further accretion and growth anticipated thereafter.