Wind

Wind energy development venture formed with GE, Greenko

GE Energy Financial Services and India-based Greenko Group Plc formed a venture to invest $115 million in wind energy developments in India.

News reports said GE (NYSE: GE) would invest $50 million to support the development of 500 MW of wind. Greenko reportedly plans to develop 1 GW of wind projects in the country. The first project, the 65 MW Ratnagiri wind farm in Maharashtra, is reportedly planned for completion in December and uses GE’s 1.6 MW turbines.

Read more financial news