Latest news with #ORIX
Yahoo
01-07-2025
- Business
- Yahoo
ORIX finalises Greenko share transfer deal
ORIX has announced its decision to re-enter a share transfer agreement, selling 17.5% out of its 20% holdings in affiliate company Greenko Energy to AM Green Power, a subsidiary of AM Green. This move by ORIX follows an initial agreement terminated in April 2025 due to unmet conditions. The transaction includes the partial sale of shares in India-based renewable energy firm Greenko and an investment in convertible notes issued by AMG Lux, the parent entity holding all shares of AMG. Regulatory approvals under the Indian Competition Act have been obtained. ORIX plans to close the partial transfer of Greenko shares and the guaranteeing of the convertible notes by end-July 2025. Greenko has an installed capacity of 7.3GW across solar, wind and hydroelectric power generation facilities in India, and is developing large-scale pumped storage power generation projects. The strategic divestment from Greenko aligns with ORIX's capital recycling strategy as they aim to reinvest funds into expanding sectors such as green molecules that contribute towards global decarbonisation efforts. AMG was founded by Anil Chalamalasetty and Mahesh Kolli who are also behind the establishment of Greenko. It focuses on developing green hydrogen and ammonia production projects alongside water electrolysis equipment manufacturing essential for green hydrogen production. AMG plans to produce five million tonnes per annum (mtpa) of green ammonia through its various projects. The initial project with a capacity of 1mtpa is under construction in Kakinada, Andhra Pradesh, India, with commissioning set for the second half of 2026. Binding term sheets have been signed by AMG with companies such as Uniper and Yara Clean Ammonia to supply green ammonia to Europe. Renewable energy remains central to ORIX's strategic growth areas as it continues expanding globally through solar, wind and geothermal power. ORIX acquired Elawan Energy, headquartered in Spain – a wholly-owned entity within the group portfolio currently managing 4.7GW worldwide capacity. In December 2024, the Greenko Group contracted AFRY to deliver comprehensive design engineering services for a 1.8GW Shahpur pumped hydro energy storage project in Rajasthan, India. "ORIX finalises Greenko share transfer deal" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Time of India
30-06-2025
- Business
- Time of India
AM Green to buy 17.5% stake in Greenko from Orix for $1.28 billion
Orix Corporation will sell its 17.5% stake in Greenko Energy to AM Green for $1.28 billion, while investing $731 million in AM Green's convertible note for a 10% stake. This two-pronged transaction will increase Chalamalasetty and Kolli's ownership in Greenko to 28%, valuing the renewable utility at $7.5 billion. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: Japanese financial group Orix Corporation has agreed to sell its 17.5% equity stake in Greenko Energy Holdings for $1.28 billion to AM Green (AMG), an entity promoted by Greenko co-founders Anil Chalamalasetty and Mahesh ORIX has also agreed to invest about $731 million in a convertible note issued by AM Green's Luxembourg-based parent, giving them a 10% equity stake in the operating company. ORIX expects to complete both transactions by the end of July, it said in a statement two-pronged transaction, once concluded, will see Chalamalasetty and Kolli cumulatively own 28% of Greenko held via their personal capacity as well as AM Green, valuing the renewable utility at $7.5 billion. Singapore's GIC (58%) and Abu Dhabi Investment Authority (14%) are other key shareholders of Greenko. At March-end, Greenko operated renewable energy power generation facilities with a total installed capacity of 7.3 GW, including solar, wind, and hydroelectric power generation. In addition, Greenko has also completed a 1.7 GW pumped storage project in Andhra Green also has plans to produce 5 million tonnes per annum (MTPA) of green ammonia , with the first 1 MTPA project under construction at Kakinada in Andhra Pradesh, expected to be commissioned in 2026. The project, which includes a green hydrogen unit and ammonia conversion plant at a repurposed urea facility acquired earlier this year from Nagarjuna Group, will cost about ₹12,500 has also signed green ammonia supply term sheets with Uniper SE, an energy company, and Yara Clean Ammonia, a trader and distributor of ammonia. AMG also has a joint venture with John Cockerill to manufacture electrolyzers that are used for producing green ORIX, the renewable energy business is one of its key strategic growth areas. It is developing its power generation business in Japan and outside. ORIX said the sale of 17.5% of its 20% shareholding in Greenko is part of its "capital recycling strategy.""ORIX aims to invest in the next generation of the energy sector (including green molecule) by using part of these funds, an area expected to grow rapidly," the Japanese financial services company said. "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. ORIX's stake acquisition strengthens AM Green's upstream integration through Greenko, AMG said in a these agreements were previously announced in January but terminated in April after the underlying conditions were not met. "However, after further consideration among related parties, we have decided to re-enter into this agreement," ORIX said.
United News of India
30-06-2025
- Business
- United News of India
AM Green Group acquires 17.5 pc stake in Greenko Energy Holdings from ORIX
Kakinada (Andhra Pradesh), June 30 (UNI) AM Green BV today said it has signed definitive documents to acquire 17.5 per cent equity stake in Greenko Energy Holdings from ORIX Corporation, through its wholly owned subsidiary AM Green Power BV. AMG will own 25 percent stake (along with AMG promoter's current stake) in Greenko post-closing of this transaction in July 2025, the company said in a release here. 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,' he added. 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. Founded in 2023 by Greenko co-founders, Anil Chalamalasetty and Mahesh Kolli, AMG is one of the largest fully integrated Power-to-X (P2X) platform with access to end to end industrial decarbonization solutions including renewable power (solar, wind, hydro), long-duration storage (pumped hydro), most competitive round the clock carbon free power and green molecules (green hydrogen, green ammonia, low carbon caustic soda, ethanol, and sustainable aviation fuel). AMG has plans to produce 5 million tonnes per annum (MTPA) of green ammonia, with the first 1 MTPA project under construction in Kakinada (Andhra Pradesh). AMG has also signed green ammonia supply term sheets with several industrial and power companies in the OECD markets including Uniper SE, an energy company, and Yara Clean Ammonia, a trader and distributor of ammonia. AMG has also signed globally the largest power purchase agreements for supply of round the clock carbon free energy for its first 2 MTPA green ammonia projects and has access to electrolyzers through its manufacturing JV with John Cockerill. AM Green's Kakinada industrial complex, currently under construction, will be the world's first and largest integrated green industrial zone. It will house 2 MTPA of green ammonia production, 2 GW electrolyzer gigafactory and facilities for SAF and green chemical production. In 2024, AMG acquired Chempolis, a Finland-based innovator in sustainable biomass processing, to support its Bio2X platform. Known for its low-emission, low-water, and zero-waste process, Chempolis technology offers a scalable solution for circular bioeconomy applications, aligning with AM Green's commitment to decarbonization. Greenko's flagship 1.7 GW pumped storage project in Andhra Pradesh has already been commissioned with its next two pumped storage projects in Madhya Pradesh and Karnataka (2.5 GWs) are expected to be commissioned in 2026 and 2027 respectively. UNI KNR RN
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Business Standard
30-06-2025
- Automotive
- Business Standard
AMG acquires 17.5% stake in Greenko Energy Holdings for $1.4 billion
In what could be the largest transaction in India's green energy space, AM Green BV (AMG) has acquired a 17.5 per cent equity stake in Greenko Energy Holdings (Greenko) from Japanese financial services firm ORIX Corporation (ORIX) for $1.4 billion. AMG will own 25 per cent stake, including AMG promoter's current share, in Greenko post-closing of this transaction in July. It acquired the share through its wholly-owned subsidiary AM Green Power BV (AMG Power). This deal was first announced early this year, but did not close due to lack of regulatory permissions. Now, the deal has been announced again with the same valuation. As part of the transaction, ORIX has also entered into an agreement to invest in a convertible note issued by AM Green (Luxembourg), 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. According to reports, ORIX gets $650 million in cash, plus $750 million worth of stock, amounting to 10 per cent in AM Green through convertible notes. '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 chief executive officer of AM Green. 'We thank ORIX for their continued partnership and belief in our vision.' Founded in 2023 by Greenko co-founders, Anil Chalamalasetty and Mahesh Kolli, AMG is one of the largest fully integrated Power-to-X (P2X) platform with access to end-to-end industrial decarbonisation solutions, including renewable power (solar, wind, hydro), long-duration storage (pumped hydro), most competitive round the clock carbon-free power and green molecules (green hydrogen, green ammonia, low carbon caustic soda, ethanol, and sustainable aviation fuel). 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. AMG has plans to produce 5 million tonnes per annum (Mtpa) of green ammonia, with the first 1 Mtpa project under construction in Kakinada (Andhra Pradesh). AMG has also signed green ammonia supply term sheets with several industrial and power companies in the OECD markets, including Uniper SE, an energy company, and Yara Clean Ammonia, a trader and distributor of ammonia. The company has also signed globally the largest power purchase agreements for supply of round the clock carbon free energy for its first 2 Mtpa green ammonia projects and has access to electrolysers through its manufacturing JV with John Cockerill. AMG is participating in the Indian green hydrogen supply tenders and is on track to capture sizable share due to its access to highly cost competitive green power, electrolysers and a very experienced team. AMG is also in late stage development to produce low carbon caustic soda, synthetic fuels such as methanol, high value chemicals as well as SAF (Sustainable Aviation Fuel) using biomass-derived raw materials, and to become a platform company that builds a value chain for next generation energy. AM Green's Kakinada industrial complex, currently under construction, will be the world's first and largest integrated green industrial zone. It will house 2 Mtpa of green ammonia production, 2 Gw electrolyser gigafactory and facilities for SAF and green chemical production. In 2024, AMG acquired Chempolis, a Finland-based innovator in sustainable biomass processing, to support its Bio2X platform. Known for its low-emission, low-water, and zero-waste process, Chempolis technology offers a scalable solution for circular bioeconomy applications, aligning with AM Green's commitment to decarbonisation. This technology enables AM Green to convert agricultural residues and other non-food biomass into high-value products such as cellulosic pulp (key input for textile industry), cellulosic ethanol (key input for sustainable aviation fuel (SAF), bio-based chemicals, and other biomaterials. Greenko's flagship 1.7 Gw pumped storage project in Andhra Pradesh has already been commissioned, with its next two pumped storage projects in Madhya Pradesh and Karnataka (2.5 Gws) expected to be commissioned in 2026 and 2027 respectively.
Yahoo
25-06-2025
- Business
- Yahoo
ORIX Submits Form 20-F for Filing for the Fiscal Year Ended March 31, 2025
TOKYO, June 25, 2025--(BUSINESS WIRE)--ORIX Corporation (TOKYO: 8591; NYSE: IX; ISIN:JP3200450009) has submitted its annual Form 20-F for the fiscal year ended March 31, 2025 to the U.S. Securities and Exchange Commission on June 24, 2025. Please find online versions of the file available for download, as well as a link to the SEC EDGAR format, on ORIX's website at: ORIX also provides hard copies of the completed audited financial statements free of charge to our shareholders upon request. To receive a copy, please fill out and submit an "Investor Information Request Form" available at: About ORIX Group: ORIX Group (ORIX Corporation TOKYO: 8591; NYSE: IX) was established in 1964 and has grown from its roots in leasing in Japan to become a global, diverse, and unique corporate group. Today, it is active around the world in financing and investment, life insurance, banking, asset management, real estate, concession, environment and energy, automobile-related services, industrial/ICT equipment, ships and aircraft. Since expanding outside of Japan in 1971, ORIX Group has grown its business globally and now operates in around 30 countries and regions across the world with approximately 34,000 people. ORIX Group unites globally around its Purpose: "Finding Paths. Making Impact." combining diverse expertise and innovative thinking to help our world develop in a sustainable more details, please visit our website: (As of March 31, 2025) Caution Concerning Forward Looking Statements: These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results that differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under "Risk Factors" in the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission and under "(4) Risk Factors" of the "1. Summary of Consolidated Financial Results" of the "Consolidated Financial Results April 1, 2024 – March 31, 2025" furnished on Form 6-K. View source version on Contacts Contact Information: Investor Relations and Sustainability DepartmentORIX Corporation+81-3-3435-3121
