Clifford Capital finances Greenko bond offerings

Greenko is a leading renewable energy developer and operator in India, majority owned by GIC Singapore. The group is committed towards transforming renewable energy from real-time energy to a dispatchable and controlled medium through digitisation and storage solutions to support the economy-wide shift towards a carbon-neutral electricity mix in India.

Clifford Capital financed six Greenko bond offerings to date to fund the growth of its renewable power portfolio as well as the development of its pumped hydro storage project in India – the US$500 million Senior Secured Bond in 2016, the US$1 billion Senior Secured Green Bond in 2017, the US$950 million Senior Secured Green Bond in 2019, the US$940 million and US$1 billion Senior Secured Green Bonds in 2021 and the US$750m Senior Secured Green Bond in 2022.

Through these transactions, Clifford Capital supported the expansion plans and sustainability agenda of a key GIC portfolio company.