Greenko raises equity for new projects

Greenko Energy Holdings has signed definitive agreements for the infusion of primary equity to the tune of $230 million – $80 million from an affiliate, GIC Singapore (which had acquired a majority stake in Greenko for Euro 162.8 million in October 2015) and from the Abu Dhabi Investment Authority, the state-owned investment arm of Abu Dhabi. The company will utilise the funds for the development of new renewable energy projects and for the expansion of existing wind farms.

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