Deputy chief minister of Andhra Pradesh, Pawan Kalyan, recently visited Greenko’s Integrated Renewable Energy Project at Pinnapuram. This project, purportedly the world’s first and largest GW-scale integrated renewable energy generation and storage project, combines 3,500 MW of solar, 1,214 MW of wind and 1,680 MW of pumped hydropower generation, backed with a pumped storage capacity of 10,080 MWh per day in a single cycle. The firm, dispatchable, on-demand carbon-free energy generated here will be supplied to industries like green steel, green aluminum and green hydrogen production.
The project at Pinnapuram is being established at an investment of $4.2 billion, which includes a $1.2 billion investment in creating the pumped storage capacity and the remaining $3 billion in setting up the solar and wind energy generation capacities.
After taking an aerial tour of the facility and visiting major components of the mega renewable energy storage project, deputy CM Pawan Kalyan, emphasized that the project would position Andhra Pradesh as a global hub for carbon-free energy. He assured Greenko officials of the state government’s full support in ensuring the project success.
“Greenko has made a significant contribution to India’s renewable energy sector and substantial investments in the Pinnapuram project,” said Kalyan, lauding Greenko for setting up the project in a short period of time.
“I would like to emphasize that the Government of Andhra Pradesh under the leadership of N. Chandrababu Naidu, has placed a strong focus on promoting green energy, just as we did with the IT sector,” Kalyan added.
Anil Chalamalasetty, Group CEO & MD of Greenko, highlighted that upon completion, the project would help catalyze strong economic growth in the region and aid development of ancillaries as well as generate employment opportunities. He added that the project would help avoid 3.3 million tonnes of CO2 emission per year. He highighted that this project is a cornerstone of Greenko’s strategy to develop multiple pumped storage projects across India to create a 100+ GWh/day digital Cloud based storage platform enabling industrial decarbonization.
Greenko, an energy transition and decarbonization solutions company, has an installed renewable energy capacity of 10 GW across wind, solar and hydro resources with presence in 15 states in India. Projects of 50 GWh of storage are planned to be operational by 2025. Additionally, another 50 GWh of storage are planned in the subsequent years taking total storage capacity to 100 GWh. Energy from these assets will be digitally managed via a cloud-based platform being created by Greenko. The platform will help integrate renewables as mainstream energy in the grid.
Greenko is majority owned by Government Investment Corporation (GIC) of Singapore and Abu Dhabi Investment Authority (ADIA) of Abu Dhabi, UAE, along with Orix Corp., Japan, and the founders Anil Chalamalasetty and Mahesh Kolli.
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