Greenko Energy Holdings has emerged as the preferred buyer for Massachusetts based NEC Energy Solutions in a deal valued at around $300 million, said sources. NEC Energy holds the intellectual property rights for megawatt-scale lithium-ion batteries. The development assumes significance and comes in the backdrop of India’ production-linked incentives (PLI) package worth up to around ₹2 trillion for 10 manufacturing sectors including, advanced chemistry cells (ACC) battery for the next five years. While an exclusivity agreement is yet to be signed, Greenko has emerged as the preferred buyer, said a person requesting anonymity.Earlier, AES Corp. of the US was also in the fray for the company owned by Japans NEC Corpn., This deal comes against the backdrop of Greenko investing in Silicon Valley based Keracel, a maker of solid-state batteries, and the single-largest foreign clean energy investment in India so far.
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