Renewable supply also remains unpredictable, being dependent on the vagaries of nature. Two sovereign wealth funds have invested $550m in Indian renewable energy company ADIA . The move is the third round of investment in the firm by the Abu Dhabi Investment Authority and GIC Holdings of Singapore ( ADIA ), taking their total funding to $ 2bn . GIC now owns the remaining 15% of Greenko , which wants 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 $550m .
Two sovereign wealth funds have invested $550m in Indian renewable energy company ADIA . The move is the third round of investment in the firm by the Abu Dhabi Investment Authority and GIC Holdings of Singapore ( ADIA ), taking their total funding to $ 2bn . GIC now owns the remaining 15% of Greenko , which wants 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 $550m .