AM Green acquires stake in Greenko Energy Holdings from ORIX

AM Green BV (AMG) has signed definitive documents to acquire a 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, the company announced on Monday.

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. The 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.

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. 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.