About the Report
Governance at Greenko - Reinforcing Trust
Prosperity – for All
People – Respect and Progress
Planet – Protect and Enrich
Our Performance Pillars
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Renewable Energy Generation Sources complemented with Long Duration Energy Storage - crafted to be cost-effective and flexible, opened up immediate possibility of affordable and Carbon Free Electricity for decarbonising the grid and the captive power systems of hard-to-abate industries. The Intelligent Renewable Energy Platform harnesses the Integrated national electricity grid to digitally connect and match and deliver Carbon Free Energy at demand points. The firm RE and locally manufactured Alkaline Electrolysers, are deployed in Novel Greenko Architecture of producing lowest cost Green Hydrogen. ZeroC molecules - ammonia, methanol etc., are now exported for global decarbonisation.
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In this reporting period, Greenko continued its strong financial position, secured sustainable investments, achieved remarkable growth in both organic and inorganic assets, recruited and retained the best talents in the market, embraced innovations and technologies, optimised operational performance and increased stakeholder trust.
Financial Capital
USD of corporate green bond offering
Net Debt to Equity Ratio
Storage service customers aggregating to the capacity of
Firm
RE Contracts
Collaboration in ZeroC Production agrregating
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Manufactured Capital
power sold in open access (B2B segment)
of total electricity generated
Wind In-Source O&M - 1,009 MW capacity
electrolyser manufacturing facility being built in East Coast of India
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Intellectual Capital
real-time monitoring of assets
of sites covered under IMS
Innovated Cost Competitive Long Duration Energy Storage and Green Hydrogen Architecture
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Human Capital
Staff retention rate
increase in per capita safety training hours from 2020-21
Zero Fatalities
Unadjusted median gender pay gap for FY 21-22 is
New skills to suit ZeroC with 200 person years of experience augmented
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Natural Capital
of CO2 Direct & Indirect GHG emissions avoided
of water used for operations
of rainwater harvested
78 types of different machinery parts across 135 operational sites are repaired
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Social and
Relationship
Capital
invested in community development
community development programs conducted
people benefited from community social investment
of the employees volunteered in community work
Professional hours spent by senior management with respect to policy advocacy
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Greenko has committed to be a ‘Net Zero’ Company in Scope 2 by 2025 and Scope 1&2 in the next five years and in
all scopes by 2040.
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Parallel to being “Large Scale Clean-Tech IPP”, we are already an “Intelligent Energy Market and Deep Decarbonisation Specialist.
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Businesses, cities,
and governments are
looking forward to
deep decarbonisation
solutions to meet
their commitments
in the short and
medium term and
“Race-to Zero”. In
this context, the
firm, schedulable and
dispatchable power;
and zero carbon
molecules of Greenko
are increasingly being
sought after
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As a part of our journey towards GKO 3.0 and 4.0, we started to deal directly with customer for the sale of variable renewable energy through open access and firm renewable energy through innovative PPAs in keeping with recent provisions in the regulations for energy storage 4.0. 
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Our WINSOM (in-sourcing of Wind Turbine O&M) is currently 3 years old and carries a glorious history of successfully managing over 1,100 MW of wind assets
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We are on a continuous basis upgrading our technical knowledge and adapting new innovative technologies to reduce the time and cost
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Our project pipeline includes 100 KTPA production in Himachal Pradesh, 1 MTPA production each in Andhra Pradesh and Tamil Nadu and a 1 MTPA joint production with ONGC
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Greenko is committed to transitioning to a clean energy business and in doing so, has kept its focus on decarbonisation, digitalisation and decentralisation. Greenko harnesses opportunity as the country and the globe is transitioning to new energy that is consistent with the Paris climate goal and ambition. As this requires significant patient capital, Greenko continues to improve its debt capacity and access to capital.
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Greenko shall deliver variable electricity, storage services, dispatchable RE, green hydrogen, green ammonia, and green methanol, with plans to blend hydrogen into city gas.
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At Greenko, the journey of transformation to new energy is powered by its people-oriented approach. With the collective efforts of all the varied functions of Greenko’s operations, the Group is able to remain efficient and competitive.
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Greenko realises importance of discovery and innovation in energy and industrial transformation. Greenko addresses this by continuous engagement with businesses with leadership in provision of technology solutions, collaboration with R&D labs involving sponsored research and technology transfer; interaction with leading Educational and Research institutes. The internal teams devoted for exploration of solutions which involves both discovery and innovation are established.
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Greenko regards Social and Relationship Capital as a binder to preserve strong and healthy relationship with all its stakeholders. Greenko Group has undertaken a lot of activities focussing on rural development, better infrastructure and promoting sports for the rural youth and skill development programs for the holistic development of the community by paving a way to generate sustainable livelihoods. In spite of different macro-economic headwinds, Greenko Group has always prioritised investment for community development.
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At Greenko, we’re driven to reach our Net Zero future by 2040, in line with the Paris Agreement 1.5-degree scenario. Our carbon-negative roadmap is a set of achievable, measurable targets to meet the Paris Climate Agreement and Sustainable Development Goals. We’re focussed on growth, sustainability, and decarbonisation to achieve these objectives.
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Integrated Report 2022
