Published on Tuesday, 11 October 2011 03:24
G.E. Energy Financial Services is making their first renewable investment in India by financing wind projects equal to 500 megawatts being developed and owned by Greenko Group P.L.C. General Electric’s unit will invest $50 million matched by $65 million from Greenko to finance the projects which will be built by Greenko’s newly created subsidiary, Greenko Wind Projects Private Limited. G.E.’s investment will support half of Greenko’s planned pipeline of 1 gigawatt of wind projects for the Indian States of Maharashtra, Andhra Pradesh, Karnataka and Rajasthan, according to a statement.