Greenko Gets Singapore Funds to Boost Capacity Six-Fold

Greenko Group Plc (GKO), a developer of Indian wind farms, has received a 100 million-pound ($150 million) investment from Singapore’s sovereign wealth fund that will help boost its generation capacity sixfold.

The funds from the Government of Singapore Investment Corp. will allow Greenko to build about 2,000 megawatts by 2018, the Hyderabad-based company said in an e-mailed statement today.

Greenko has also signed a contract to buy 200 megawatts of turbines from Spain’s Gamesa Corp. Tecnologica SA (GAM) with an option for an additional 100 megawatts, according to the statement.

To contact the reporter on this story: Natalie Obiko Pearson in Mumbai at npearson7@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.