Abu Dhabi-backed Greenko Energies is reportedly considering a potential share sale in Mumbai that could raise as much as $1 billion, in a move that would put India’s renewable energy sector firmly in the spotlight of global investors.
The Hyderabad-based clean energy developer has opened early-stage conversations with investment banks about a potential share sale that could materialise as soon as this year, Bloomberg reported.
The company, which counts investors including Abu Dhabi Investment Authority and Singapore’s GIC, has not yet formally hired advisers for the transaction, according to the news outlet. Key aspects of the potential listing, such as its size, timing and structure, are still under review and could change.
Founded in 2009, Greenko has grown into one of India’s largest integrated clean energy platforms. The company operates a net installed capacity of 11 gigawatts spread across 20 Indian states, spanning wind, solar and hydro assets, alongside battery storage and grid infrastructure.
