In what may help bring down the electricity price for consumers and provide on-demand power from wind and solar projects, Hyderabad-based Greenko Energies Pvt Ltd plans to partner with state run NTPC Ltd to develop ‘round-the-clock’ power supply.
They have entered into an MOU with an intent to explore possibility of development of Renewable Energy (RE) based RTC, flexible and despatchable power supply offering based on integration of RE sources and Pumped Storage projects.
Greenko is among India’s largest green energy developers with a 6.4 gigawatt (GW) portfolio and is building power storage projects with total capacity of 7.2 GW across six states in India.
While NTPC runs the largest fleet of coal based capacity in India, Greenko’ integrated renewable energy assets with storage, will help it provide clean energy during peak grid demand.
The value proposition of the potential offering will be to meet the evolving bespoke requirements of Discoms and other power consumers in India in real-time.
Affordable energy storage is critical to the sustained growth of renewables, grid balancing and address limited generation flexibility in the Indian energy market.
This comes in the backdrop of India running what will become the world’s largest clean energy programme with an aim of having 175 GW of clean energy capacity by 2022.
Reference- livemint, Mercom India, JMK Research & Analytics, Economic Times