AM Green Strengthens Renewable Energy Platform with ORIX Partnership
Key Ideas
- AM Green acquires a 17.5% equity stake in Greenko Energy Holdings from ORIX, increasing its total ownership in Greenko to around 25%.
- ORIX invests in a convertible note issued by AM Green, gaining exposure to green hydrogen, ammonia, and other sustainable energy markets.
- AM Green's integrated Power-to-X platform focuses on industrial decarbonization solutions, including renewable power generation and green molecule production.
- The acquisition positions AM Green as a key player in the global transition to clean energy, with plans to produce 5 million tonnes per annum of green ammonia by 2030.
AM Green BV has finalized an agreement to acquire a 17.5% equity stake in Greenko Energy Holdings from ORIX Corporation, expanding its ownership in Greenko to approximately 25%. The deal, expected to close in July 2025, also involves ORIX investing in a convertible note issued by AM Green's parent company, providing exposure to green hydrogen and other next-generation molecules. Founded in 2023, AM Green focuses on industrial decarbonization solutions and aims to produce 5 million tonnes per annum of green ammonia by 2030. The company's recent acquisition of Chempolis further supports its sustainable initiatives. Through the partnership with ORIX, AM Green strengthens its position in the renewable energy sector, particularly in India, where Greenko operates over 10 GW of renewable and pumped storage assets. Greenko's development of an 'Intelligent Energy Storage Cloud Platform' aligns with the growing trend towards clean energy solutions. The transaction also reflects investor confidence in green hydrogen technologies and integrated renewable energy platforms, positioning AM Green as a significant player in the global shift towards sustainable energy.
Topics
Aviation
Renewable Energy
Clean Energy
Technology
Sustainability
Investment
Decarbonization
Acquisition
Global Transition
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