by Amruth Sundarkumar | Oct 5, 2022 | Corporates, Credit Ratings, India
Greenko Energy was upgraded to BB- from B+ by S&P upon the improvement in its business position due to its stabilizing operating performance. Greenko’s diversified portfolio is set to lead to better operating performance and cash flows, helped by its...
by Amruth Sundarkumar | Sep 28, 2022 | Corporates, India
Brookfield Asset Management looks to invest at least $1bn in India’s Greenko Group. Brookfield will help in decarbonizing initiatives and the investment can be extended to $1.25bn at a $9-10bn valuation as per the ET. The investment may either be in its...
by Amruth Sundarkumar | Aug 4, 2022 | Corporates, India
India based Greenko secured a INR 55bn ($700mn) loan from state-owned Power Finance Corporation (PFC) to build a river energy storage project in the southern state of Andhra Pradesh. The debt is in the form of a 20-year loan at an annual interest rate of 11%; the...
by Amruth Sundarkumar | May 18, 2022 | Corporates, India
India-based Greenko Group is setting up the world’s largest renewable energy storage plant in Andhra Pradesh with a $3bn investment. A 5.23GW project is being set up and is expected to be commissioned by 2023. Out of 5.23 GW, 3GW is solar, 550MW for wind and...
by Amruth Sundarkumar | Mar 29, 2022 | High Yield Bonds, India
Indian clean energy producer Greenko Energy is said to be planning a potential 3Y green dollar bond issuance, Bloomberg reports. The Hyderabad-based company plans to use proceeds from the new bond for investments in a pumped energy storage unit. Greenko is said to...
