Greenko Group Plc, an Indian renewable developer backed by Singapore’s sovereign wealth fund, has completed a 51-megawatt wind project.
The completion of phase one of the Balavenkatpuram wind farm in Andhra Pradesh state boosts Greenko’s capacity by 14 percent to 411 megawatts, the company said in an e-mailed statement. It seeks to reach 600 megawatts by the end of the financial year, Chief Executive Officer Anil Chalamalasetty said.
The project will sell its output to the local utility under a 25-year contract, it said. Greenko, which received a 100 million pound ($160 million) investment from the Government of Singapore Investment Corp. in March, plans to build 2,000 megawatts of hydropower and wind assets by 2018.