Greenko Group buys Orange Renewables for $1.02 billion

The Greenko Group has agreed to acquire Orange Renewables from Singapore’s AT Capital Group for approximately $1.02 billion. Greenko will make an equity payout of around $300 million. Through the acquisition, Greenko will take over approximately 907 MW of Orange Renewables’ operational solar and wind projects, and over 500 MW of assets under construction. The acquisition of Orange Renewables is the third largest renewable energy deal in the country after ReNew Power Venture Private Limited’s acquisition of Ostro Energy and Tata Power Renewable Energy Limited’s acquisition of Welspun Renewables Energy Private Limited.