Construction Of World's Largest Integrated RE Storage Project Started In AP
- The usage of fuel of fossil fuel would take a back seat and renewable energy front seat: AP CM
Building of the world's largest as well as first of its kind renewable energy storage project began at Kurnool in Andhra Pradesh on May 17. With a pumped storage capacity of 10,800 MWh per day, the 5230 MW renewable resource generation project is coming up at an investment of $3 billion by Hyderabad based programmer Greenko Group by 2023.
Offering the initial concrete on the pompous celebration, state chief minister YS Jagan Mohan Reddy stated, "What Andhra Pradesh is showcasing (with the project) will be a triggering point for the whole country to adhere to in the days to find. The usage of fuel of fossil fuel would certainly take a back seat as well as renewable resource front seat,".
The project is slated to assist avoid 15 million tonnes of CO2 annually, equivalent to discharges from 3 million cars. The renewable energy storage capacity of 10,800 MWh will have the ability to integrate up to 6GW of wind and also solar capacities. Needless to say, the project will have the capacity to integrate one more 2,500 MW of solar and also wind generation capacities in addition to the overall 3550MW of wind and solar capacities intended presently.
Released on May 17, a report has quoted Mahesh Kolli, creator & joint handling supervisor, Greenko Group, as sharing the details of the investment, "While $1 billion investment is indicated for the storage capacity, the continuing to be $2 billion is implied for setting up 3000MW of solar energy generation, 550 MW of wind power generation and 1680 MW of hydel power generation capacity."
Elaborating further on the broad method, Kolli stated the project will certainly play a vital role in assisting India attain energy safety and security as well as enabling global energy change. It will certainly not just deal with sector, where it has signed agreements with Arcelor Mittal for supply to its Gujarat facility, however also far-off states like Bihar, Rajasthan and also West Bengal (Damodar Valley Corporation). The storage project will certainly additionally be used to produce green hydrogen.
Greenko is majority had by 2 of the biggest international sovereign wealth funds-- Government Investment Corporation (GIC) of Singapore and Abu Dhabi Investment Authority (ADIA) of UAE along with Orix Corporation of Japan.