HSBC Mauritius supports Greenko to drive sustainability agenda with an escrow deal
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HSBC Mauritius supports Greenko to drive sustainability agenda with an escrow deal

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When Greenko needed a bank to act as escrow agent for a transaction which involved seven different parties, HSBC provided them with a one-stop solution for cash and document escrow facilities, supporting a complex deal with a total transaction value of approximately USD 960m.

Greenko is one of India’s leading renewable energy companies, replacing fossil fuels with integrated decarbonised energy and grid assets enabling sustainable and affordable energy. The group is committed to transforming renewable energy from real-time energy to a dispatchable and controlled medium. Through digitisation and storage solutions, the company supports the economy-wide shift towards a carbon-neutral electricity mix.

With a core belief in sustainability both operationally and environmentally, Greenko maintains a continuous involvement in local projects and community programmes which centre on education, health and wellbeing, environmental stewardship and rural infrastructure.

We are extremely proud that we were able to accelerate our client’s transition to more sustainable energy solutions for both cash and document escrow facilities in this complex deal. We believe the transition to net zero presents a unique opportunity to build a more sustainable, resilient, and prosperous future.

Bonnie Qiu | CEO of HSBC Mauritius

Greenko is leading the digitisation, decarbonisation and decentralisation of the Indian energy market by providing utility-scale, clean and affordable energy to meet India’s long-term energy security needs. Its holding company is Greenko Energy Holdings, which is listed in Mauritius.

When Greenko needed a bank to act as escrow agent for a transaction which involved seven different parties, HSBC provided them with a one-stop solution for cash and document escrow facilities, supporting a complex deal with a total transaction value of approximately USD 960m.

Thank you very much for your cooperation and timely assistance in making this escrow arrangement a very successful one

C. Purushotham | Company Secretary and Head of Legal, Compliance and Commercials, Greenko Group.

“We were able to deliver on our client’s expectations thanks to our longstanding banking relationship with Greenko and our understanding of their needs. This is what we aim to be for our customers and we're putting sustainability at the heart of our business. At the core of our ambition is a commitment to support our customers on their journey to lower emissions.” Dean Lam, Managing Director and Head of Wholesale Banking, HSBC Mauritius.