AIM-listed Greenko PLC, a Hyderabad, India-based renewable energy generation company, has received a $46.3m investment from private equity firm Global Environment Fund (GEF).
Greenko generates renewable energy through the development, acquisition, construction, and operation of run-of-river hydro and biomass-fired plants.
Founded in 2006, the company is a premier clean energy player in India, with a diverse portfolio of renewable energy assets.
Chevy Chase, Maryland-based GEF holds two seats on the Board of Directors of the company’s Mauritian subsidiary. Its investment is aimed to accelerate Greenko’s growth as it addresses the massive shortfalls in power supply needs in India in the coming years.