Renewable supply also remains unpredictable, being dependent on the vagaries of nature. Two sovereign wealth funds have invested $ 550 m in Indian renewable energy company Greenko . The move is the third round of investment in the firm by Alpha Holdings of Singapore and the Abu Dhabi Investment Authority ( ADIA ) , taking their total funding to $ 2bn . India now owns 60 % of company , which plans to use solar power for peak morning power demand , then pump water into reservoirs for hydropower schemes to generate electricity in the evenings . Greenko is expected to have 4.8 GW of solar , wind and hydroelectric power by the end of the 2019 financial year and earnings of $ 500 m .
Two sovereign wealth funds have invested $ 550 m in Indian renewable energy company Greenko . The move is the third round of investment in the firm by Alpha Holdings of Singapore and the Abu Dhabi Investment Authority ( ADIA ) , taking their total funding to $ 2bn . India now owns 60 % of company , which plans to use solar power for peak morning power demand , then pump water into reservoirs for hydropower schemes to generate electricity in the evenings . Greenko is expected to have 4.8 GW of solar , wind and hydroelectric power by the end of the 2019 financial year and earnings of $ 500 m .