Japan’s Orix set to invest in Green Energy

Japan’s Orix Corporation will invest about $980 million in Greenko Energy Holdings.

Orix will acquire a stake of over 20 per cent in Greenko within this year. The deal will also add 873 MW of Orix’ operating wind assets to Greenko’s portfolio. Post the transaction, Orix will have a 17 per cent stake in Greemko with GIC Holdings Pte.Limited and Abu Dhabi Investment Authority (ADIA) stake coming down to 56 per cent and 14 per cent respectively from 65.8 per cent and 16.5 per cent currently.

 

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