Clean energy is an increasingly important part of the Indian energy market. The Indian government has set a target of 15% of the installed capacity to be renewable by 2020, resulting in strong regulatory support and a favorable tariff structure. In addition, India's private sector has set targets to increase its use of clean energy as a part of global efforts to reduce greenhouse gas emissions.
Given the continued population growth, the India's total demand for electricity is expected to surpass 950GW by 2030. Against this backdrop of ever increasing demand for power in the Indian market and an emphasis on generation from clean energy sources, Greenko's business objective is to become a leading Indian power producer with 3 GW of diversified portfolio of clean energy assets by end of 2017.
As we progress on increasing our clean energy portfolio, we are committed to closely engage with the local communities and other stakeholders who stand to benefit from our investments. With these interests rightly balanced, we are confident of becoming a leading clean energy producer and distinguish from other players through a strategy unconstrained by fuel supply, environmental permitting issues, power off-take risks or technology provider.
"To be the most admired Group in the Indian Energy sector".
"To maximize all the stakeholders value through build, own and operate high-quality energy assets with sustainable management practices leveraging leading edge technologies".