ORIX and Teesta Urja deal completed, Greenko reaches 7.3 GW operating capacity

Japan’s financial services firm ORIX Corp. and Greenko Energy Holdings have concluded a deal for the investment of $980 million in Greenko, said two people aware of the development. This is the single largest foreign investment transaction in India’s clean energy space.

In addition, Greenko has also completed the acquisition of 40% stake in Teesta Urja Ltd, which is setting up the 1.2 gigawatt (GW) hydropower project in North Sikkim, for $250 million.

With the ORIX deal also adding 873 MW of its operating wind assets to Hyderabad-based Greenko’s portfolio, the completion of both these transactions takes Greenko’s operational portfolio to 7.3 GW—India’s largest operational clean energy portfolio.