Indian clean energy firm Greenko Group is in talks to acquire at least two transmission and distribution assets as part of a $750m equity investment, according to President Mahesh Kolli. The deal would be the first major investment by an Indian company into renewable energy. The moves come amid increased uncertainty in the Indian renewable energy market as some states have attempted to backtrack on offtake agreements.
Indian clean energy firm Greenko Group is in talks to acquire at least two transmission and distribution assets as part of a $750m equity investment, according to President Mahesh Kolli. The purchases would be part of Greenko's plans to become an integrated energy firm, Kolli said, adding that he is also examining the electric-vehicle charging space. The moves come amid increased uncertainty in the Indian renewable energy market as some states have attempted to backtrack on offtake agreements.