India's Greenko eyes bigger wind turbines for projects

04/25/2013 | Bloomberg Businessweek

India-based developer Greenko Group is in talks to order bigger wind turbines as the rising cost of coal power makes wind-generated energy more competitive. "We're now being driven by supply and demand, and the fact that the Indian economy is still growing, and there's a big shortage of power," said Mark Thompson, Greenko's corporate finance director. In some parts of India, coal power sells for about 10 cents per kilowatt-hour, while wind power sells for less, Thompson said.

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