The Adani Group has formed a joint venture with Greenko Group to use the latter’s standalone long-term hydro energy storage capacity for its facilities.
![Adani Group](https://www.cleanfuture.co.in/wp-content/uploads/2022/03/Opera-Snapshot_2022-03-15_164530_greenkogroup.com_-1024x430.png)
According to a joint release, Greenko would provide a reliable and dispatchable renewable energy solution, including round-the-clock power supply of up to 1GW, to Adani Group’s projected industrial complex in Gujarat, making it a one-of-a-kind green industrial complex internationally.
Greenko stated that it has offered 6 GWh of long-term hydro storage capacity from its unique ‘Off-Stream Closed-Loop Pumped Storage Project’ in Madhya Pradesh and Rajasthan.
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Ayana Renewable Power Pvt. Ltd. announced a partnership with Hyderabad-based Greenko last month to store 6-gigawatt hours (GWh) of power in hydro pump storage units that Greenko is constructing in Pinnapuram, Andhra Pradesh.
The aim is to use inexpensive green power during off-peak hours to elevate water to a certain height, then release it into a lower reservoir to create energy when demand for electricity increases.
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Greenko has India’s biggest operating renewable energy portfolio of 7.3 GW and is now constructing 30 GWh of storage capacity as part of its aim to establish a 100 GWh energy storage cloud platform.
This is a PR Newswire Feed; edited by Clean-Future Team