A greenish area around a bacterial colony growth on blood agar indicates an alpha-hemolysis.
Blood agar is an enriched, bacterial growth medium, that encourages the growth of bacteria, such as streptococci, that otherwise wouldn't grow on an ordinary growth media. Hemolysis is the breakdown of red blood cells. The medium is used to detect bacteria that produce enzymes to break apart the blood cells. When alpha hemolysis is present, the agar under the colony is dark and greenish.