Linklaters advises Greenko on its acquisition of Orange Renewable
“We are very pleased to have advised the Greenko Group on this significant transaction - which is an important one in the sector and one which will help consolidate Greenko’s position as one of the leading renewables groups in India.”
He also says:
“India is leading the way in the development of renewable wind and solar power capabilities. With the backdrop of India’s 2022 renewables target which it made as part of the Paris climate agreement coupled with the decreasing costs of wind and solar technology, I think we will continue to see further growth in the sector; and the downward pressure on tariffs I believe will lead to further consolidation of assets in the Indian market. The acquisition of Orange, along with Greenko’s recent agreement to buy Skieron Renewables, is a sign of this.”
The acquisition of Orange Renewables is the second major transaction the firm has undertaken for the Greenko Group, having also advised Greenko on its acquisition of the Indian solar and wind assets of SunEdison in 2016, also led by corporate partner Parthiv Rishi.