Expanding GE’s footprint in India and connection with one of the country’s fastest growing clean energy developers, GE Energy Financial Services and Indian-based Greenko Group plc have agreed to invest in a new venture to develop wind energy projects across India. The GE unit will invest US$50 million – its first renewable energy investment in India – to support the development of 500 megawatts of wind projects out of Greenko’s planned development of one gigawatt of wind projects in India. Greenko has committed US$65 million for the venture, a newly created subsidiary of Greenko, known as Greenko Wind Project Private Limited. Read More
