The Indian multinational EPC provider has secured the civil and hydromechanical works for a 10 GWh pumped storage project from renewables developer Greenko. The project is coming up in Madhya Pradesh.
Greenko will assist Jindal Steel and Power in the design and development of the associated renewable energy capacity, and identification of potential strategic investors for the RE capacity. It will also provide its pumped storage capacity currently under development in Madhya Pradesh and Rajasthan.
India’s largest crude oil and natural gas company has signed an agreement with renewables major Greenko to undertake renewable energy, green hydrogen, and green ammonia projects jointly.
Indian developer Greenko has begun construction of a hybrid energy storage project featuring 10.8 GWh of daily pumped storage, 3 GW of solar, and 550 MW of wind. It claims that it might be the world’s largest renewables-based storage project upon completion.
Indian renewable energy developer Greenko Group has partnered with Belgium’s John Cockerill to develop a green hydrogen electrolyzer factory with a capacity of 2GW per annum. The partnership will also see the two companies jointly develop large-scale green hydrogen projects in India.
UK-headquartered ArcelorMittal will own and fund a hybrid wind-solar project with energy storage for round-the-clock RE supply to the Hazira plant of its joint venture ArcelorMittal Nippon Steel India. Greenko will design, construct and operate the project.
Greenko Group will provide Ayana with 6 GWh of pumped-hydro storage capacity from its project in Andhra Pradesh, allowing Ayana to provide firm power to offakers.
Since 2014, Indian renewable energy developers have raised more than INR 78,200 crore through green bonds in global markets.
Nearly 19 GW of renewable energy capacity tendered by the Solar Energy Corporation of India (SECI) is on hold due to electric distribution companies’ unwillingness to sign the power purchase agreements. Manufacturing-linked solar projects alone account for a 63% share of the capacity in limbo.
Hyderabad-based RE developer Greenko Energies, which is developing over 40 GWh of pumped hydro storage projects in India, has partnered with NTPC to develop round-the-clock power supply solutions by integrating renewable energy sources and pumped storage.
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