Greenko Group plc – Clean Energy AIM listed since November 2007
Greenko Group builds, owns and operates “green” energy assets in India. With the assistance of Aloe, Greenko acquired several distressed biomass plants across the country, soon after the company was able to expand its activities to run-of-the-river hydro power and started to build its own power plants. In November 2007 Greenko was introduced on the AIM market in London, where it raised £45 million from new investors to further consolidate its activities and expand its power capacity. In 2009, Greenko secured a £46 million investment, followed by another £72 million pound investment from private investors in early 2010. These successive fundraisings provided Greenko with the financial means to become one of the leading independent energy producers in India. As of July 2010, Greenko has a total installed capacity of 183MW, and a total for pipeline and installed capacity of 667 MW spread across hydro, biomass and others.
Greenko’s activities have a significant impact on local employment and help reducing rural depopulation, which is one of the biggest challenges for modern India. Beyond the construction and operation of the plants, the collection and transport of agricultural waste also generates significant direct and indirect employment. Greenko’s activities give economic value to agricultural and wood wastes and provide stable power to neighbouring industry farmers and households. Today Greenko directly employs 600 people and reduces carbon emissions by 1,448,909 tonnes every year.