Serentica Renewables, a C&I renewable energy developer in India, announced that it has signed a contract with Greenko Group for 1.5 GWh of dedicated six-hour energy storage capacity. As part of this contract, Serentica will utilize a cumulative 1.5 GWh capacity from Greenko’s upcoming energy storage projects in Andhra Pradesh and Madhya Pradesh.
This deal will allow Serentica to deliver round-the-clock, firm, and dispatchable renewable energy to its industrial customers with an annual assurance of >95% and a 15-min time-block assurance of >85%.
Pratik Agarwal, director of Serentica Renewables, said, “Long-duration energy storage is critical to decarbonizing the country’s energy consumption and reducing greenhouse gas emissions. As we gear up to deliver round-the-clock renewable energy for our industrial customers, this unique energy storage capacity offtake contract with Greenko puts us on an accelerated trajectory in our mission to transition hard-to-abate, energy-intensive industries to clean energy and help reverse climate change.”
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