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Power 20:20 | December 2017

Highest Growth Generating Company in Solar in Private Sector - Greenko Group

A leading owner and operator of clean energy projects in India, Greenko Group is involved in building a de-risked portfolio of wind, solar, hydropower, natural gas and biomass assets within India and intends to increase the installed capacity it operates by developing greenfield assets. Greenko's ultimate holding company is Greenko Energy Holdings, which is incorporated in Mauritius. The company currently has over 2.7 GW of operating capacity and plans to achieve 3.0 GW capacity by year end of 2017. <p></p> <p> <span style="font-weight: bold;">Key success factors</span><br /> The company has an experienced management team with extensive experience in the relevant fields, in-depth understanding of successfully managing project execution and demonstrated ability to grow businesses both organically and inorganically. It also has a strong shareholder base, which includes sovereign wealth funds GIC and ADIA. </p> <p> <span style="font-weight: bold;">Performance highlights</span><br /> Greenko Energy Holdings signed definitive agreements for a primary equity raising of US$ 230 million from an affiliate of GIC and an entity wholly-owned by the Abu Dhabi Investment Authority. The funds will contribute to the continued growth of Greenko's platform through the development of new renewable energy projects, including low-risk expansions of existing wind farms. The group is also planning a $750 million equity investment for buying power transmission and distribution (T&amp;D) assets to diversify. The firm is in talks to acquire several electricity transmission, distribution and hydropower projects.</p> <p> <span style="font-weight: bold;">Achievements and awards</span><br /> </p> <ul> <li>The company was awarded with the South Indian Business Achiever's Award in June 2016.</li> <li>It was also bestowed with the Young Entreprenuer of the Year 2011 Award in March 2011.</li></ul>
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