Ayana, Greenko Partner to Develop 6000MWhr Storage Capacity

• Under the partnership, the firms will certainly develop firm and also dispatchable renewable energy options, including round-the-clock power supply of up to 1 GW to industry and also distribution firms in India.

Greenko Group has actually offered in complete 6,000 MWhr of storage capacity, including 1500 MWhr of storage capacity in the first tranche from its proprietary 'Off Stream Closed Loop Pumped Storage Project' being developed at Pinnapuram, Andhra Pradesh.

Greenko Group and NIIF-backed Ayana Renewable Power have actually entered into an agreement to offer standalone storage capacity in a design template that establishes a standard for such transactions in India, the companies revealed in a recent statement.

Under the collaboration, the companies will certainly develop company and dispatchable renewable energy remedies, including round-the-clock power supply of up to 1 GW to market and also distribution business in India.

Greenko Group has actually offered in total 6,000 MWhr of storage capacity, including 1500 MWhr of storage capacity in the first tranche from its proprietary 'Off Stream Closed Loop Pumped Storage Project' being developed at Pinnapuram, Andhra Pradesh.

According to the Group, it has an installed capacity base of 7.3 GW across solar, wind and hydro generation technologies topped ~ 100+ projects across 15 states and also delivering 20+ Bn units of renewable energy every year throughout the country comprising ~ 1.5-2% of overall India electrical energy needs.

Talking about the teamwork, Mahesh Kolli, Owner, President and Joint Handling Director of Greenko, claimed: "This partnership between Ayana as well as Greenko is in line with the Ministry of Power and also Ministry of New as well as Renewable Energy mission to create a standalone storage market in India."

" Such incorporated renewable energy and also storage projects, offering remedies superior to standard energy sources in regards to dispatchability and round-the-clock supply, reflect the expanding maturity of the eco-friendly industry in India," Kolli added.

Established in 2018, Bangalore-headquartered Ayana is bulk possessed by the National Investment as well as Infrastructure Fund. The eco-friendly company is currently associated with the advancement and also administration of greater than 3.59 GW ac of solar, wind and hybrid power projects throughout numerous Indian states and also has an operational capacity of 1.19 GW ac of renewable energy projects in Andhra Pradesh, Karnataka and also Rajasthan.

Mentioning the current collaboration with Greenko, Shivanand Nimbargi, Taking Care Of Director as well as Chief Executive Officer of Ayana Renewable Power, stated, "This transaction marks the very first time two Independent power producers have signed up with hands to assist in the decarbonization goals of industrial clients in India by developing storage infrastructure that will certainly sustain India's dedication to develop 500 GW of RE capacity by 2030 and decreasing emissions strength of GDP by 45% by 2030."