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FINANCIAL NEWS
Abu Dhabi invests USD 230mn in Indian renewable energy firm
07 Jun 2016
(MENAFN) Greenko Enegy Holdings, an Indian renewable energy firm proclaimed that it’s raising a USD 230mn in equity from Singapore sovereign wealth fund GIC and Abu Dhabi Investment (ADIA).
Moreover, GIC invested its share of USD 80mn in March and ADIA entity will invest the remaining USD 150mn.
Meanwhile, GIC continues to be the majority shareholder of Greenko, while GIC did not disclose its stake size.
In addition, the funds will contribute to the continued growth of Greenko’s business via the development of new renewable energy projects.
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