The stake acquisition enhances AM Green’s upstream integration with Greenko, which runs over 10 GW of renewable and pumped storage assets and is building the world’s largest “Intelligent Energy Storage Cloud Platform.”
Union minister of new and renewable energy, Pralhad Joshi, recently visited Greenko’s $4.2 billion integrated renewable energy project that combines 4 GW of solar and 1 GW of wind power generation components with 1.68 GW/10.08 GWh pumped hydro storage.
Deputy chief minister Pawan Kalyan visited Greenko’s integrated renewable energy project in Andhra Pradesh. The project combines 3,500 MW of solar, 1,214 MW of wind and 1,680 MW of pumped hydropower generation, backed with a pumped storage capacity of 10,080 MWh in a single daily cycle.
The 211.2 MW AC (295 MW DC) solar PV project in the Kurnool district, Andhra Pradesh, is part of ArcelorMittal Nippon Group’s ambitious 975 MW hybrid renewable energy project to decarbonize its Hazira plant operations.
AM Green Ammonia has reached final investment decision (FID) on its first million-ton green ammonia project in Andhra Pradesh. Majority of production from the plant will be exported to Europe.
Greenko has signed an agreement to develop three pumped storage projects totalling 3.3 GW in the Indian state of Tamil Nadu.
SJVN Green Energy Ltd has signed a Memorandum of Understanding (MoU) with AM Green Ammonia (India) for long-term supply of renewable energy to AM Green’s forthcoming green ammonia plants in Andhra Pradesh.
The 700 MWp solar project, spanning across a 2,200-acre site in the Kurnool District of Andhra Pradesh, marks Amara Raja Infra’s largest-capacity solar project to date.
Greenko founders-owned AM Green will partner with Chinese multinational Envision Energy to manufacture wind turbines in India for green energy projects of AM Green and its customers. The two companies will also collaborate on net-zero industrial parks and green hydrogen projects in India and globally.
The government’s production-linked incentive (PLI) scheme for electrolyzer manufacturing has received an overwhelming response with bids received for 2.28 times the capacity to be awarded.
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