Greenko closes USD-550m notes offering

Aug 4, 2014 - Indian clean energy firm Greenko Group Plc (LON:GKO) said today that its subsidiary Greenko Dutch BV had concluded its USD-550-million (EUR 410m) offering of 8% senior notes due in 2019.

The company pointed out it will use the net proceeds from the bond sale primarily to pay back its current debt. The offering was priced by Greenko Dutch BV last month. The firm has received approval-in-principle to list the notes on the Singapore securities exchange.

Greenko develops wind, hydropower, natural gas and biomass projects. Its total generating portfolio reached 611 MW, including 348 MW of wind, in June 2014 when it switched on 50 MW of wind farms in the Indian states of Andhra Pradesh and Maharashtra. The goal of the company is to grow the portfolio to 1,000 MW in 2015 and to about 2,000 MW in 2018.

(USD 1.0 = EUR 0.745)

Choose your newsletter by Renewables Now. Join for free!