GE Energy Financial Services has signed an agreement to invest US$50 million in India-based clean energy developer Greenko Group to support wind projects in India. This is GE’s first renewable energy investment in the country.
Greenko is developing wind projects in Maharashtra, Andhra Pradesh, Karnataka and Rajasthan. The projects will be owned by a new subsidiary, Greenko Wind Project Private Limited.
A 65-megawatt wind farm in Maharashtra is Greenko’s first project and is scheduled for completion in December. The project will use GE’s 1.6-megawatt turbines, which have been designed specifically for low and medium wind speeds. GE and Greenko aim to jointly develop a portfolio of wind projects with a combined generating capacity of 500 megawatts, which could potentially create enough renewable electricity to power 875,000 average Indian households.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
