Greenko plans to raise up to $4.5 billion for renewable energy projects

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

Renewable energy major Greenko Group is planning to raise up to $4.5 billion in a mix of equity and debt from local banks. The group will invest the amount in various projects over the next three years.

The group has already received commitments from its shareholders for an equity contribution of $1.3 billion. Its Mauritius arm is looking to raise $750 million via green bonds, which will be used to build storage capacity. “The remaining $2.45 billion will come from the Indian banks, which are keen to invest in green projects, storage and energy transition,” said a banking source, requesting anonymity.

The