ORIX Invests in Greenko Energy to Access Green Hydrogen and More
Key Ideas
  • AM Green BV acquires a 17.5% stake in Greenko Energy Holdings, expanding its foothold in green energy and molecules like green hydrogen and ammonia.
  • ORIX Corporation's investment in a convertible note by AM Green (Luxembourg) S.à.r.l provides long-term exposure to green hydrogen, green ammonia, and sustainable aviation fuel (SAF).
  • The partnership aims to create a fully integrated green energy platform with projects including renewable energy generation, energy storage, and production of green molecules like green ammonia and synthetic fuels.
  • AM Green's projects in India involve green hydrogen tenders, green ammonia production, and plans for an integrated green industrial zone with facilities for sustainable aviation fuel and green chemicals.
AM Green BV, a subsidiary of AM Green, has acquired a 17.5% equity stake in Greenko Energy Holdings, enhancing its position in the realm of green energy. This move is part of a larger transaction that also involves ORIX Corporation investing in a convertible note issued by AM Green's parent company, providing ORIX exposure to green hydrogen, green ammonia, and sustainable aviation fuel (SAF). The investment signifies a step towards long-term sustainability and innovation in the energy sector. AM Green is focused on developing a Power-to-X (P2X) platform that includes renewable energy generation from sources like solar, wind, and hydro, as well as the production of green molecules such as green hydrogen, green ammonia, and more. The company has ambitious plans to produce green ammonia and has already begun construction on a significant project in Andhra Pradesh. Additionally, AM Green is actively participating in green hydrogen tenders in India. The partnership between AM Green and ORIX aims to create an integrated green energy platform with a strong focus on decarbonization. With projects like the Kakinada industrial complex, which will house green ammonia production facilities, an electrolyzer gigafactory, and other green chemical production units, AM Green is setting the stage for a sustainable industrial zone. The company's acquisition of Chempolis in 2024 further solidifies its position in sustainable biomass technology. Overall, the collaboration between AM Green, Greenko Energy, and ORIX Corporation signals a positive shift towards green energy solutions, with a specific emphasis on hydrogen-related initiatives in the energy sector.
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