Sales, profits and cash were up at Indian clean energy developer Greenko last year as the company made headway towards its target of achieving one gigawatt (GW) of operational capacity.

Total revenue in the year to 31 March 2010 surged to €19.3m from €13.8m the year before. Profit before tax improved to €4.9m from €3.2m while earnings before interest, tax, depreciation and amortisation moved up to €7.9m from €6.1m.

Cash balances and deposits excluding project finance totalled €72.3m at the end of March 2010, up from €11.65m a year earlier.

The company has a strong pipeline of potential new projects which have a secured capacity of more than 1gw. "As well as scaling up our current projects we intend to expand our interests into wind energy which will generate increased revenues for the year ahead," said chief executive officer and managing director Anil Chalamalasetty.

The company does not pay dividends.

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