Greenko to acquire assets of Skeiron Green Renewables and Orange Renewable Power

Greenko Energy Holdings has signed a definitive purchase agreement with Skeiron Green Renewables to acquire 385 MW of the latter’s wind power projects at an enterprise value of about Rs 35 billion. The deal is expected to add approximately $200 million to Greenko’s earnings before interest, taxes, depreciation and amortisation in the first full year post closure. In addition, Greenko has acquired approximately 907 MW of operational projects and 500 MW of assets under development from Orange Renewable Power Private Limited. The combined transaction of Orange and Skeiron will add 1,300 MW of capacity and increase Greenko’s overall operational capacity to about 4,500 MW across a portfolio of wind, solar and hydro power projects.

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