Hyderabad-based developer Greenko has announced that it has started building a 5.23 GW renewables-integrated storage project in Andhra Pradesh.
The foundation stone for the project was laid by Andhra Pradesh Chief Minister YS Jagan Mohan Reddy.
The first-of-its-kind project will co-locate energy storage with wind and solar power in the Kurnool district. It will feature 10.8 GWh of daily pumped storage, 3 GW of solar, and 550 MW of wind.
Greenko expects the $3 billion projects to become operational by the end of 2023. It has already started signing storage contracts with central utilities and large industrial customers.
Greenko has installed 7.5 GW of renewables, including wind, solar and hydro, with 10 GW now under development. It is also building an intelligent, low-cost energy cloud storage platform with 50 GWh of capacity by 2025, followed by 100 GWh to be commissioned by 2027. In addition, it is targeting 10 GW of green hydrogen production capacity by 2030.