GIC-backed Greenko makes add-on acquisitions
Greenko Energy, an Indian renewable energy producer owned by GIC Private, has completed the acquisition of Orange Renewables and agreed to buy Skeiron Green Renewables. The two deals will increase Greenko’s overall operational capacity from 3.2 gigawatts to 4.5 GW.
The company announced in June that it had raised $447 million, primarily from GIC and Abu Dhabi Investment Authority (ADIA) to support the purchase of Orange Renewables for an enterprise valuation of about...
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