Greenko

Last month, Greenko emerged the lowest bidder for the first green hydrogen manufacturing project by an oil refinery in the country

Homegrown Greenko Group has raised USD 700 million (around Rs 5,700 crore) funding from Singapore's sovereign wealth fund GIC, Orix Corporation of Japan, Abu Dhabi Investment Authority (ADIA) and its own founders. Anil Chalamalasetty and Mahesh Kolli are the founders of Hyderabad-based Greenko Group. The equity funding will be utilised towards the capex of pumped storage projects which will have storage capacity of more than 25 GWh (gigawatt hour) enabling 45 billion units of carbon free energy, Kolli, who is the Joint Managing Director of Greenko Group told PTI over phone. While GIC has 51 per cent share in the funding, Orix Corporation has 16 per cent, ADIA 14 per cent and founders have 13 per cent, he said. "This equity commitment from the existing shareholders reinforces trust in our vision. CFE is helping accelerate industrial decarbonisation enhancing green quotient of Indian grid and development of green molecules and chemicals at a competitive cost," Anil Chalamalasetty, CE

Germany-based Uniper has signed an agreement with Greenko ZeroC to source green ammonia from the latter's Kakinada facility in Andhra Pradesh. "Under the MoU, the two companies intend to negotiate pricing, supply and tenure structure for a supply and purchase agreement for 2,50,000 tonnes per annum of green ammonia (GASPA) based on the heads of terms," parent Greenko Group said in a statement. Uniper and Greenko ZeroC signed the Memorandum of Understanding (MoU) and heads of terms during the ongoing India Energy Week in Bengaluru in presence of Petroleum Minister Hardeep Singh Puri, Greenko CEO Anil Chalmalasetty, Uniper CCO Niek den Hollander and other senior company officials, the statement said. Greenko's Kakinada project is a multi-phase green ammonia production and export facility which is in the process of adding up to 1 MTPA of green ammonia production capacity by 2027. At present, Kakinada unit produces green ammonia based on an electrolyser powered by round-the-clock ...

As a part of the partnership, Granules and Greenko ZeroC will develop and promote state-of-the-art Integrated Green Pharmaceutical Zones (GPZ) with first collaboration in Kakinada, Andhra Pradesh

Sources said Greenko Group had 7.5 gigawatt (Gw) of installed capacity across solar, wind and hydropower generation assets in 15 states in India

Greenko Energy Holdings' stabilising operating performance with greater resource diversity and manageable execution risk for pumped storage projects will strengthen its business position, S&P said

Storage to be open access for any consumer to use, can own and invest in green energy projects

ArcelorMittal has made an investment of around $600 million for 1,000 MW capacity of the project.

The project is expected to be commissioned by 2023, Kolli said

Greenko-John Cockeril latest to join league; RIL, L&T, Adani together set aside investment of nearly Rs 6 trillion, say analysts

The actual fundraising is dependent on market sentiments amid an escalation of the Russia-Ukraine conflict, which had increased volatility

Greenko is one of the country's leading renewable-energy companies with an operating capacity of 5.2 GW and 138 projects across 14 states

Skyroot Aerospace on Thursday said it raised $11 million Series A funding from investors led by Greenko Group founders Anil Chalamalasetty and Mahesh Kolli

The company will issue new debentures for this amount, to retire existing non-convertible debentures to the tune of Rs 2,655 crore

Hydrogen produced from conventional methods has been used for centuries in various applications, however there is a renewed and rapidly growing attention for green hydrogen globally, according to the

"The transaction will further drive capacity, revenue, EBITDA and overall earnings growth for Greenko and our stakeholders," Greenko MD said

In June last year, GIC and ADIA invested $450 million in the company

Company recently acquired 1 GW projects of Gujarat-based Orange Renewables for $1 bn, making it India's second largest renewable company

Hyderabad, 27 March: Hyderabad-based clean energy major Greenko Energy Holdings has announced the signing of definitive agreements for a primary equity raising of $ 155 million (About Rs 1007.5 crore at today's exchange rate) from an affiliate of Singapore Sovereign Wealth Fund, GIC. and an affiliate of Abu Dhabi Investment Authority(ADIA).The GIC, which is the majority shareholder of Greenko, is investing $ 123.9 million while the ADIA subsidiary will be investing the remaining $ 31.1 million, according to the company.'These funds will help us to achieve the target of 3 giga-watt(3,000 mw) installed capacity by December, 2017 from the current 2.5 gw level," Mahesh Kolli, president and joint managing director of Greenko told Business Standard on Monday.After the last year acquisition of the US company Sun Edison's solar assets and a 100-mw hydro electric project in Himachal Pradesh from Abu Dhabi National Energy Company PJSC(TAQA), the Indian renewable energy company is raising this .

Also appoints former SBI chairman OP Bhatt as non-executive chairman