GKO.L Regulatory News (GKO)

26 November 2013

Greenko Group plc

("Greenko" or "the Company")

Wind Farm Commissioned

Greenko, the Indian developer, owner and operator of clean energy projects, is pleased to announce that its Matrix (15.0 MW) wind farm in Karnataka has been commissioned. This takes Greenko's total generating portfolio to 426 MW, a 43% increase since April 2013.

Matrix is the fourth wind farm Greenko has commissioned this year and the project was completed on schedule. The project will sell its power directly to a multi-national IT park near Bangalore, via an attractive 10-year indexed power purchase agreement and the total project cost approximately €13 million. It uses the well-proven Vensys V87 1.5 MW gearless turbine made by ReGen, which should in an average year deliver a 28% capacity factor.

The Matrix wind farm is co-located with Greenko's Basvanbagewadi project and shares its existing 180 MW grid connection. Basvanbagewadi Phase-1 (51.2 MW) is already operational and Phase-2 (50.0 MW) is currently under construction. The recently announced Mangalore (15.0 MW) wind project will also share the same grid connection and should be operational around the end of 2013. Phase-2 uses Gamesa's large G97 turbine and will sell its power via a state power purchase agreement, while the Mangalore project will use the same Vensys V87 1.5 MW turbine and sell its power via a bilateral power purchase agreement.

Commenting on the project, Anil Chalamalasetty, CEO of Greenko, said: "Our strategy of building large wind farms in a phased manner, using the latest low wind speed turbine technology and connecting to the high voltage transmission grid, means we can deliver significant, predictable and profitable growth. Matrix is our fourth wind farm this financial year. We expect to commission a further five wind farms before the 2014 monsoon, which would give us over 600 MW for next year's main generating season."

-Ends-

For further information please visit www.greenkogroup.com or call:

Greenko Group plc

Anil Chalamalasetty +44 (0)20 7920 3150

Mahesh Kolli

Vasudeva Rao Kaipa

Mark Thompson

Arden Partners plc

Richard Day / Adrian Trimmings +44 (0)20 7614 5917

Tavistock Communications

Matt Ridsdale / Mike Bartlett +44 (0)20 7920 3150

About Greenko

Greenko is a mainstream participant in the growing Indian energy industry and a market leading owner and operator of clean energy projects in India utilising a de-risked portfolio of wind, run-of-river hydropower, natural gas and biomass assets. The Group is now focused on building new utility scale wind farms and hydropower projects across India. Greenko intends to increase the installed capacity it operates by winning concessions to develop and build new greenfield assets, as well as making selective acquisitions which enhance shareholder value.

Greenko's portfolio is carefully planned and managed to ensure it offers investors diversification and spreads its risk across a number of projects that utilise various well-proven environmental technologies. The Company's goal is to reach 1,000 MW of operational capacity in 2015 and approximately 2,000 MW in 2018.

With a core belief in sustainability both operationally and environmentally, Greenko endeavours to be a responsible business playing an important role in the community beyond its role in the power generation industry. The Company maintains a continuous involvement in localised projects and community programmes which centre on education, health and wellbeing, environmental stewardship and improving rural infrastructure.

Greenko Group plc was admitted to trading on the AIM market of the London Stock Exchange (LSE: GKO) in November 2007.