Adani Group has announced that it has partnered with energy transitions company Greenko Group to exploit standalone long-duration hydro energy storage capacity to provide round-the-clock energy (RTC) to the former's facilities in India.
A collaborative statement from both the companies stated that the collaboration validates Adani's and Greenko's commitment and vision for large-scale integration of renewable energy.
Under the collaboration, firm and dispatchable renewable energy solutions including a round-the-clock power supply of up to 1GW will be supplied to Adani Group's proposed industrial complex. Greenko has offered 6 Gigawatt-Hours (GWh) of long duration hydro storage capacity from its proprietary 'Off-Stream Closed-Loop Pumped Storage Project' under development at Madhya Pradesh and Rajasthan.
Last month, the National Investment and Infrastructure Fund's (NIIF) Ayana Renewable Power Pvt. Ltd. partnered with Hyderabad-based Greenko to store 6-gigawatt hour (GWh) of power in hydro pump storage plants that Greenko is building at Pinnapuram in Andhra Pradesh.