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.
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.
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.
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