Greenko eyes wind growth for India

CLEAN energy producer Greenko yesterday ramped up its efforts to supply India with renewable power after it secured concessions for a 650 megawatt wind farm project and raised £50m in a placing of London-listed shares.

AIM-listed Greenko said its energy portfolio has passed 1.6 gigawatts, with around 183 megawatts of projects currently operational.

“Demand for power in India outstrips supply and we believe the energy deficit will become increasingly pronounced in the years ahead,” said chief executive Anil Chalamalasetty.

“India does not have a wealth of natural resources to rely on which has created an opening for clean energy generators.”

General Electric has agreed to build and maintain the new turbines.