Orix Corporation acquires a 21.8 per cent stake in Greenko

Japanese financial services company, Orix Corporation reported the completion of the acquisition of a 21.8 per cent stake in Greenko Energy Holdings for about $961 million. …

As per the agreement, Orix will also add 873 MW of its wind energy portfolio in India into Greenko’s portfolio in exchange for the shares. The company has also integrated its entire wind power generation business in India into Greenko to acquire additional shares. The acquisition was proposed in September 2020 when Orix had announced when it had signed a framework agreement with Greenko Energy Holdings to acquire approximately 20 per cent of its shares for about $980 million.

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