Reddy highlights green energy opportunities in Andhra Pradesh
Andhra Pradesh Chief Minister Jagan Mohan Reddy poured the first concrete of Greenko Group’s US$3 billion Integrated Renewable Energy Storage Project (IRESP) at Kurnool District on 17 May, starting work on the 5,230 MW power complex, the world’s largest of its kind that will play a pivotal role in India attaining energy security and enable global energy transition.
This is a first-of-its-kind single location energy storage project with pumped storage of 10,800 MWh of daily storage of 3,000 MW solar and 550 MW of wind plants.
The project is to be commissioned by last quarter of 2023.
The Chief Minister said, “This project illustrates the exclusive opportunities Andhra Pradesh offers to businesses investing in green energy in support of India’s decarbonization ambition.
“Our state’s topography enables 33,000 MW renewables capacity and this project will go a long way to demonstrate that green power can be generated effectively.
“This project demonstrates how the use of fossil fuels will increasingly take a back seat and renewable energy will lead the way in the future,” said Reddy, appreciating the innovation and initiative undertaken by Greenko in setting up the facility to provide clean energy round the clock.
Speaking on the occasion, Greenko Group Founder, CEO & MD Anil Chalamalasetty said, “This project was achieved due to policy support at the national level and the visionary leadership of the Chief Minister who is transforming Andhra Pradesh into a sustainable manufacturing hub.
“It’s a moment of great pride for Greenko that we have pioneered to deliver, ahead of global ambition of a 24/7 dispatchable renewable energy solution, for industrial decarbonization and energy transition.
“Given the State’s favourable topography for Pumped Storage Plants (PSPs), Andhra Pradesh is set to become an energy storage capital of India.
“This integrated solution is pivotal for the Nation to become energy independent and establishes it as a leader of decarbonized economies.”
With this project, Greenko has pioneered the concept of storage contracts with central utilities and large industries, he added.
Greenko Group is the World’s largest Renewable Energy Storage and leading Energy Transition & Decarbonization solutions company. Greenko with an installed Renewable Energy capacity of ~7.5 GW across Wind, Solar and Hydro capacities has ~10 GW of projects under development. fiinews.com
