Renewable Views

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Renewable Energy News

Renewable energy: Greenko raises $495 million from ADIA and GIC affiliates

Renewable energy company Greenko Energy Holdings has signed definitive agreements for a primary equity raising of $495 million from an affiliate of GIC and an entity that is ultimately wholly-owned by the Abu Dhabi Investment Authority (ADIA). Post the investment, GIC will continue to remain the majority shareholder of Greenko. GIC and ADIA have invested $1.55 billion till date in Hyderabad-based Greenko group. In a statement, Greenko said it has an operational capacity of over 4.2 GW diversified across wind, solar and hydro projects, has secured equity commitment for two storage projects w...