Greenko Group Commences Construction of World’s Largest Integrated RE Storage Project in Andhra Pradesh with $3 Bn Investment

Greenko Group has kicked off the construction of the world’s largest Integrated Renewable Energy Storage Project (IRESP) at Kurnool district in Andhra Pradesh, after Y. S. Jagan Mohan Reddy, Chief Minister of Andhra Pradesh, performed the first concrete pour ceremony.
 
This is a first-of-its-kind single-location 5,230 MW energy storage project with wind and solar capacities, which is being implemented with an investment of over USD 3 billion comprising pumped storage (10,800 MWh of daily storage), solar (3,000 MW) and wind (550 MW).
 
With this project, the company is expected to avoid 15 million tonnes of CO2 annually, equivalent to emissions from 3 million cars.
 
Noting that history is being created with the project, Y S Jagan Mohan Reddy, Chief Minister of Andhra Pradesh, said, “What Andhra Pradesh is showcasing (with the project) will be a triggering point for the entire country to follow in the days to come. The usage of fuel of fossil fuel would take a back seat and Renewable Energy front seat.”
 
He also appreciated Greenko Group for the initiation of setting up the world’s largest renewable energy storage facility.
 
“The project envisages clean energy round the clock,” said the Chief Minister.
 
Jagan Mohan Reddy further added “we offer an exclusive opportunity for people interested in green power and decarbonizing the economies. Our topography is such that we have the capacity of 33000 Mega Watt available in the state, and this project will show the country how green power can be generated.”
 
Speaking on the occasion, Anil Chalamalasetty, Founder, CEO & MD, Greenko Group said, “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.”
 
He further said “this was achieved due to policy support at national level and the visionary leadership of Hon’ble Chief Minister of Andhra Pradesh Sri Jagan Mohan Reddy garu, who is transforming Andhra Pradesh into a sustainable manufacturing hub.
 
Given the State’s favourable topography for 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.
 
Meanwhile, the project is expected to be commissioned by the last quarter of 2023.