Brookfield bets big on Greenko looks to invest $1 billion – EQ Mag Pro
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Brookfield Asset Management is in active discussions with Greenko to invest at least $1 billion in the company as the Hyderabad-based clean energy firm doubles down on providing energy solutions, said people aware of the matter.
The partnership with Brookfield, a long-term owner, operator and developer of infra assets, will help in decarbonising initiatives that both sides have launched. Greenko’s initiatives include pumped hydro storage infrastructure, green hydrogen for industrial usage and ammonia as well as a cloud-based intelligent energy platform.
The investment could even go up to $1.25 billion at a potential $9-10 billion valuation and may either be in parent Greenko Energy Holdings (GEH) or subsidiary Greenko Zero C, said the people cited above. That will make Greenko the second-highest valued renewables company after Adani Green Energy Ltd.
Source: PTI
