Hyderabad: Greenko Group, a listed entity of the Alternative Investment Market of London Stock Exchange, focussing on clean energy power plants, is set to commission 165 megawatt (MW) of wind energy farms in Maharashtra by May, taking its installed capacity of power generation from about 220 MW to about 385 MW.
The Managing Director and CEO of the Hyderabad-based Greenko, Mr Anil Chalamalasetty, toldBusiness Linethat the company is at advanced stage of commissioning these wind energy assets located in Satara district of Maharashtra, and expects to commission these wind farms with a total generating capacity of 165 MW.
This would take the company's energy generation capacity up from about 200 MW now, which includes 120 MW of hydel power generation, 80 MW of biomass plants and a liquid fuel powered plant, the last one has come through an acquisition.
The company has strategic venture with the US-based major GE (General Electric) for the implementation of wind farms in the country. A venture has been set up by Greenko wherein GE financial services arm had teamed up in October last to invest up to $50 million.
In the Ratnagiri project, Greenko has deployed 1.6-MW GE turbines, designed for conditions with lower wind speeds. The company is in the process of implementing a series of wind energy projects in Maharashtra, Karnataka, Andhra Pradesh and Rajasthan, through this association.
Prudential PLC, Aloe funds, TPG Growth, Scottish Windows, Capital Group and Blackrock are among investors who have helped raise up to $500 million for projects underway.
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