The Hyderabad-based clean energy company Greenko Group has reportedly resumed the deal to buy Orange Renewables from Singapore’s AT Capital Group for approximately $925 million. As per trusted sources, the deal is estimated to rank among the biggest in India’s renewable energy space. Backed by GIC Holdings Pvt. Ltd and Abu Dhabi Investment Authority, Greenko Group was set to acquire Orange Renewable for an enterprise value of about $1 billion in June, but it called off the deal later. According to sources familiar with the development, Greenko-Orange deal is going through and the potential deal that had been on and off the table has finally been confirmed. On 11 September, sources reported that investment giant Rothschild Inc. resumed the process of seeking a buyer for Orange. The deal is now approaching completion at a discount amounting to nearly $75 million, with Greenko estimated to earn an equity payout of about $300 million. Sources have reported that India’s plan to suffice 40% of its electricity needs through non-fossil fuels by the year 2030 has led to the growing interest of foreign companies in the country’s emerging green economy. Having invested $42 billion so far, the country’s renewable energy capacity has increased to 72 gigawatts (GW). Apparently, India is following its goal of adding 175 gigawatts of green energy by the year 2022. Post completion of the transaction, Greenko’s total renewable energy operating capacity will be up by around 1 gigawatt to 4.2 gigawatts, which is India’s second largest after ReNew Power Ventures Pvt. Ltd. In June Greenko had stated that, GIC Holdings Pvt. Ltd and ADIA are to collectively invest $395 million in the company in what is said to be one of the biggest funding rounds by an Indian clean energy manufacturer. While GIC and ADIA own 60% and 14% of stake in Greenko with an investment of $1.5 billion to date, founders Kolli and Anil Kumar Chalamalasetty together own 26% in the company, cite sources.