GKO.L Regulatory News (GKO)

4 June 2014

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 Phase-2 (50.0 MW) of its Basvanbagewadi wind farm in Karnataka has been commissioned, providing electricity to the grid and selling its power directly to leading global technology companies and commercial customers via an attractive 10-year indexed power purchase agreement.

Including Phase-1 (51.2 MW) and the Mangalore (15 MW) and Matrix (15 MW) projects which have already been commissioned, this takes the total generating capacity at the Basvanbagewadi wind farm to 131.2 MW. It also takes Greenko's total generating portfolio to 611 MW, nearly doubling capacity since April 2013.

Basvanbagewadi Phase-2 ("BB2") is the first project that Greenko has commissioned so far this financial year and brings the Company's total wind power capacity to 298 MW in time for the 2014 wind season, which typically starts in July. The total cost for Phase-2 was approximately €45 million using Gamesa G97-2.0 MW turbines, which have a 90m hub height, 97m diameter blades and the potential to deliver a better than 30% capacity factor in an average year. The project has immediate access to the grid, as the connection for the site's full capacity of 180 MW was completed in October 2013 ahead of Phase 1's commissioning.

Commenting on the project, Anil Chalamalasetty, CEO of Greenko, said: "We are delighted to have commissioned another wind project ahead of the 2014 wind season. The Company's strategy of building large wind farms in a phased manner, using the latest low wind speed turbine technology connected to the high voltage transmission grid, means Greenko is increasingly well placed to deliver significant, predictable and profitable growth. We expect to reach about 700 MW operating capacity to capture the season."

-Ends-

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

Greenko Group plc

Anil Chalamalasetty / Mahesh Kolli / Vasudeva Rao Kaipa +44 (0)20 7920 3150

Arden Partners plc

Richard Day +44 (0)20 7614 5917

Investec Bank plc

Jeremy Ellis / Gary Clarence +44 (0)20 7597 4000

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.