India: Japan's Orix to invest $980m in renewables firm Greenko

Photo: Greenko website

Japan’s Orix Corp said on Friday it would invest about $980 million in Indian renewable energy firm Greenko Energy Holdings as the company sees the fast-growing Asian market as a pillar of its overseas strategy.

The move comes as Japanese companies including utilities, oil refineries and trading houses are stepping up their investments in renewable energy assets at home and abroad as countries around the globe switch to cleaner energy to meet pledges to curb climate change.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter