Union minister of new and renewable energy, Pralhad Joshi, recently visited Greenko’s $4.2 billion integrated renewable energy project at Pinnapuram in Andhra Pradesh.
The project, hailed as the world’s largest GW-scale integrated renewable energy project upon completion, includes 4 GW of solar and 1 GW of wind power generation components paired with 1.68 GW/10.08 GWh pumped hydro storage to decarbonize hard-to-abate industries such as steel and aluminum.
The Pinnapuram project is being developed with an investment of $1.2 billion for the pumped storage component and $3 billion for the solar and wind power generation infrastructure.
The minister took an aerial tour of the facility and visited various components of the mega integrated renewable energy project. “Witnessing an integrated renewable energy storage project of this scale is a matter of pride,” he said. “This is a shining example of India’s green energy potential under the visionary leadership of Prime Minister Narendra Modi. I commend the Government of Andhra Pradesh, under Chief Minister Chandrababu Naidu, for its progressive policies that have made this pioneering effort possible.”
Anil Chalamalasetty, Group CEO & MD of Greenko, said, “This rapidly progressing project, once completed, would drive economic growth in the region, foster the development of ancillary industries, and create employment opportunities. He further emphasized that the project will help avoid 3.3 million tonnes of CO₂ emissions annually.”
Greenko is developing several pumped hydro storage projects across India to establish a cloud storage platform with a capacity of over 100 GWh.
Greenko has an operational capacity of nearly 12 GW across wind, solar, hydro, and pumped storage. An additional 20 GW is under construction, spanning over 15 states in India. By 2030, the developer aims to expand its portfolio to 50 GW. It is building a digitally enabled cloud energy platform to help integrate renewables as mainstream energy sources in the grid.
Over the past decade, Greenko’s founders have raised and deployed over $10 billion, including over $3 billion in equity and more than $5 billion via global green bonds. The company is majority-owned by two of the world’s largest sovereign wealth funds — the Government Investment Corporation (GIC) of Singapore and the Abu Dhabi Investment Authority (ADIA) — along with the founders, Anil Chalamalasetty and Mahesh Kolli.
Anil Chalamalasetty, group CEO and MD of Greenko, briefs union minister of new and renewable energy, Pralhad Joshi, during his visit to Greenko’s Integrated Renewable Energy Project at Pinnapuram in Andhra Pradesh
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All this green bond and startup are new ryoe scam. After baiku and Genco.EV scam deputing billions of rupees we can see mamy more hi bred scams
It’s great to see such ambitious projects in India’s renewable energy sector. But I believe Avaada Group has been consistently leading the way with its large-scale solar and renewable energy projects across the country. Avaada’s commitment to sustainability and innovative technologies is driving India’s energy transition forward. Their focus on clean energy solutions has positively impacted many sectors.