By: ICN Bureau
Last updated : June 30, 2025 11:20 am
ORIX stake acquisition strengthens AM Green’s upstream integration through Greenko
AM Green BV (AMG) has signed definitive documents to acquire 17.5% equity stake in Greenko Energy Holdings (Greenko) from ORIX Corporation (ORIX), through its wholly owned subsidiary AM Green Power BV (AMG Power). AMG will own ~25% stake (along with AMG promoter’s current stake) in Greenko post-closing of this transaction in July 2025.
As part of this transaction, ORIX has also entered into an agreement to invest in a convertible note issued by AM Green (Luxembourg) S.à.r.l (AMG Lux), the parent company that holds all shares of AMG. This investment will provide ORIX long-term exposure to green hydrogen, ammonia, SAF and other next-gen molecules, aligning with its capital recycling strategy.
“This transaction is a key milestone in building one of the world’s fully integrated and scalable green energy platforms,” said Anil Chalamalasetty, Founder and CEO of AM Green. “We thank ORIX for their continued partnership and belief in our vision.”
ORIX stake acquisition strengthens AM Green’s upstream integration through Greenko, one of India’s leading renewable energy companies, operating over 10 GW of renewable and pumped storage assets. Greenko is on track to build the world’s largest “Intelligent Energy Storage Cloud Platform” with over 100 GWh of daily storage capacity by 2030.
Key highlights of the acquisition
• 25% stake in Greenko, a platform with 10 GWs of operational renewables capacity and 100 GWh of daily storage capacity on track to be online by 2030;
• 5 MTPA of Green Ammonia and 1 MTPA of Green Hydrogen planned capacity with first 1 MTPA green ammonia project under construction;
• Late-stage development projects for low carbon caustic soda, SAF, ethanol and bio-based high value products (using its proprietary Chempolis tech).
AMG has plans to produce 5 million tonnes per annum (MTPA) of green ammonia, with the first 1 MTPA project under construction in Kakinada (in Andhra Pradesh, India).