CCI greenlights strategic investment in Greenko Energy Holdings

The Competition Commission of India (CCI) has approved a major transaction involving the acquisition of a stake in Greenko Energy Holdings (GEH) by AMG Green Power B.V. (AMG Power) from Japan’s ORIX Corporation. As part of the deal, ORIX will also subscribe to convertible notes issued by AM Green (Luxembourg) S.À.R.L (AMG Lux), further strengthening its investment position.

This transaction marks a strategic shift in the renewable energy investment space, highlighting the growing global interest in India’s clean energy sector.

GEH, a leading player in India’s renewable energy market, operates a diversified portfolio comprising wind, solar, hydro, and energy storage projects across the country.

ORIX, a multinational conglomerate with a broad range of financial and infrastructure investments, has an established presence in India through its involvement in automobile leasing, commercial vehicle loans, financial services, infrastructure investments, and power generation.

AMG Power, a newly incorporated entity, is making its first move into the Indian market through this acquisition. AMG Lux, which acts as a holding company, will facilitate the financial structuring of the deal.

With India aggressively pushing for renewable energy expansion to meet its sustainability goals, this deal underscores the growing attractiveness of the country’s green energy sector to global investors.

The approval by the CCI signals regulatory confidence in the transaction’s compliance with competition norms, ensuring that the market remains open and competitive. As the renewable energy landscape continues to evolve, this investment could serve as a catalyst for further global participation in India’s clean energy revolution, economy watchers said. The detailed order from the Commission is expected to follow soon.