Indian renewable energy company Orange Renewable has abandoned its $1bn plan to buy Greenko. Orange Renewable was understood to have concerns about Orange's asset holding firm being treated as a "core investment firm" by the Reserve Bank of India and also about a wind project of Orange's in Andhra Pradesh. The deal would have made Orange Renewable the second largest renewables firm in India. Rothschild is now helping Orange find a new buyer.
Indian renewable energy company Greenko has abandoned its $1bn plan to buy Orange Renewable. Greenko was understood to have concerns about Orange's asset holding firm being treated as a "core investment firm" by the Reserve Bank of India and also about a wind project of Orange's in Andhra Pradesh. The deal would have made Greenko the second largest renewables firm in India. Rothschild is now helping Orange find a new buyer.