Epilogue from the Founder, Group President and JMD- Greenko Group

Epilogue from the Founder, Group President and JMD

Mr. Mahesh Kolli

Founder, President & Joint Managing Director

Mahesh started his career in the energy sector and went on to build his entrepreneurial interests in Information Technology and Environmental space. His entrepreneur journey started with an environmental solutions company focused on technology transfer from developed markets to India. He co-founded Greenko Group along with Mr Anil Chalamalasetty in 2006. Within Greenko, he is responsible for driving the vision, business development and new project initiatives of the Group. Mahesh is a regular speaker at Carbon Market & Clean Energy conferences around the world and is a graduate in Mechanical Engineering from Karnataka, India.

Businesses, cities, and governments are looking forward to deep decarbonisation solutions to meet their commitments in the short and medium term and “Race-to Zero”. In this context, the firm, schedulable and dispatchable power; and zero carbon molecules of Greenko are increasingly being sought after

Dear Stakeholders,

In this integrated report, we have delineated advances made against our strategic objectives. As you are aware, our business is crafted to address energy transition and industrial decarbonisation to meet the climate ambition and sustainability goals 7 & 13. The solutions for energy transition and sustainable production-consumption system transformation, are available and are being developed. However, the challenge is in choosing the right ones and crafting them into sustainable ones - cost-effective, in consonance with context and delivering value to stakeholders. During the last few years, our teams have been continuously exploring solutions in partnership with industry, business technology developers, engineering companies, R&D laboratories to explore “Fit for Net Zero” solutions that can sustain - Making Green Sustainable. In keeping with the challenge of achieving the ambition of Paris Climate Agreement of limiting global warming to 1.5 degrees centigrade, we are committed to achieve Net Zero in our direct operations and value chain - 10 years earlier, by 2040. To mitigate the physical, regulatory, technological risk to business due to climate change induced by global warming, we are extending the climate risk assessment to all the sites and have identified mitigation actions for implementation. In keeping with the recent investor interest, we have restructured our ESG processes and metrics, which can be found in the performance section of the report ‘our performance on ESG aspects’.

In pursuit towards, making green sustainable, we have intensified our efforts to combine multiple RE resources (Solar & Wind) with Long-Duration, Stand-Alone, Off-Stream, Closed Loop Pumped Storage, and Energy Storage Cloud to deliver ‘Firm, Schedulable & Dispatchable RE power’. These projects are designed to:

Augment and substitute the carbon-intensive firm power in the grid

Improve flexibility of the electricity system

Create space for multiplication of non-fossil-based energy resources

Enable improved operation at fossil and non-fossil plants

To enable provision of 100% green energy for growth markets

RE-Industrialisation for Low-carbon economy

New-age energy transition fuels to provide solutions for hard-to-abate decarbonisation needs and

Meet the long-term energy & climate goals of India and the globe

Greenko’s key impact is in enabling the big industrial decarbonisation, which was largely untouched by the renewables because of its inflexibility. Our ability to deliver cost-effective, dispatchable and decarbonised electricity has become attractive to large metal-making establishments and these are adopting our solutions for achieving their decarbonisation goals. Businesses, cities and governments are looking forward to deep decarbonisation solutions to meet their commitments in the short and medium term and “Race-to-Zero”. In this context, the firm, schedulable and dispatchable power; and zero carbon molecules of Greenko are increasingly being sought after.