Greenko Energy Holdings’ stabilising operating performance with greater resource diversity and manageable execution risk for pumped storage projects will strengthen its business position, S&P said Global rating agency Standard and Poor’s (S&P) has upgraded its long-term issuer credit rating on India-based Greenko Energy Holdings from “B+” to “BB-” on improving business position. The outlook is […]
Japan’ ORIX Corp. set to invest $980 million in Greenko Energy Holdings for 17% stake
Post the transaction, ORIX will have a 17% stake, with GIC and ADIA stake coming down to 56% and 14% respectively. Founder’ stake will also come down to around 13% NEW DELHI : In the single largest foreign investment in India’s clean energy space, ORIX Corp. is set to invest $980 million in Greenko Energy […]
AFRY to offer design services for 1.2GW pumped storage project in India
Multi financial institutions and equity partners from India & the Middle East are providing funding for the project AFRY India, an engineering, design and advisory company, has secured a design consultancy services contract for 1.2GW Pinnapuram Integrated Renewable Energy Pumped Storage Project in India. The $2.5m contract was awarded by Greenko Energy Projects, a renewable […]
Essel Group in talks with Adani, CPPIB, Engie for sale of solar assets
Essel Group is once again in market to sell its 685-MW solar power portfolio, this time on a piecemeal basis. The company is said to be in talks with Adani Power, Canadian Pension Plan Investment Board (CPPIB) after Actis Energy’s discussion to purchase the entire portfolio hit a valuation hurdle, people close to the development […]
