Andhra Pradesh To Set Up World's Largest Integrated Renewable Energy Storage Project In Kurnool
CM YS Jagan today performed the first concrete pour ceremony of the world’s largest Integrated Renewable Energy Storage Project (IRESP) being implemented by Greenko Group at Kurnool District.
Hyderabad: Andhra Pradesh CM YS Jagan Mohan Reddy on Tuesday performed the first concrete pour ceremony of the world’s largest Integrated Renewable Energy Storage Project (IRESP) being implemented by Greenko Group at Kurnool District, Andhra Pradesh. The 5,230 MW Integrated Renewable Energy Storage Project will play a pivotal role in India attaining energy security and enabling global energy transition.
This is the first of its single kind location energy storage project with wind and solar capacities. This project is being implemented with an investment of over USD 3 billion, comprising Pumped Storage (10,800 MWh of daily storage), Solar (3000 MW) and Wind (550 MW).
Andhra Pradesh CM YS Jagan Mohan Reddy today laid the foundation stone for the world’s largest integrated renewable energy storage power project in Kurnool district. The project, located at Gummitham Tanda, is undertaken by Greenko Group&aims at generating 5230 MWs of electricity pic.twitter.com/3WnHObYFbT
— ANI (@ANI) May 17, 2022
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"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," Greenko Group founder, CEO & MD, Anil Chalamalasetty said, according to a release.
The Greenko Group founder credited this to national policy backing and the visionary leadership of the Chief Minister, developing the state into a sustainable manufacturing hub.
Anil said Andhra Pradesh is on track to become India's energy storage centre, thanks to the state's favourable topography for Pumped Storage Plants (PSPs). This integrated solution is critical for the country to become energy self-sufficient and a leader in decarbonized economies.
Greenko has pioneered the concept of storing contracts with central utilities and large companies with this project. Anil expects the project to be operational by the fourth quarter of 2023.
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 have 10 GW of projects under development.
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