In a significant development for the renewable energy sector, AM Green BV has announced its acquisition of a 17.5% stake in Greenko Energy Holdings from Japan's Orix Corp for USD 1.28 billion. This strategic move is aimed at strengthening AM Green's position in the sector, with plans to expand its stake to about 25% in Greenko. Orix Corp, which had initially invested in Greenko in March 2021 to support the company's growth in renewable energy power generation in India, is now shifting towards investments in next-generation molecules like green hydrogen and ammonia. This shift is evident through its investment in AMG Lux. Post the acquisition, AM Green is set to establish an industrial complex in Kakinada, Andhra Pradesh, with a focus on significant production in green ammonia and hydrogen, alongside synthetic fuels. This project aligns perfectly with AM Green's vision of creating a global integrated green energy platform. The move signifies a positive step towards promoting renewable energy sources and advancing the green energy sector in the country.