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Home » News » Greenko Partners with Serentica Renewables for energy storage projects in India

Greenko Partners with Serentica Renewables for energy storage projects in India

July 10, 2023 6:34 pm

Greenko Partners with Serentica Renewables for energy storage projects in India
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Under this agreement, Serentica will leverage Greenko’s exceptional storage capabilities by utilising a 1,500 MWhr capacity of storage projects in Andhra Pradesh and Madhya Pradesh.

Serentica Renewables, a prominent renewable energy developer in India, has recently announced a groundbreaking agreement. The company has signed a one-of-a-kind standalone contract with Greenko Group, a global energy storage developer, for the procurement of energy storage capacity. Under this agreement, Serentica will leverage Greenko’s exceptional energy storage capabilities and utilise a total of 1,500 MWhr capacity from upcoming energy storage projects in Andhra Pradesh and Madhya Pradesh.

This significant deal will enhance Serentica’s efforts to provide uninterrupted, firm, and dispatchable renewable energy to its industrial customers. With an annual assurance of over 95percentage and a 15-minute time-block assurance of over 85percentage, the company will be uniquely positioned as one of the few renewable generator independent power producers (IPPs) in India capable of offering a truly reliable round-the-clock solution.

Commenting on the milestone, Pratik Agarwal, Director, of Serentica Renewables, said, “Long-duration energy storage is critical to decarbonising the country’s energy consumption and reducing greenhouse gas emissions. As we gear up to deliver round-the-clock renewable energy for our industrial customers, this unique energy storage capacity offtake contract with Greenko puts us on an accelerated trajectory in our mission to transition hard-to-abate, energy-intensive industries to clean energy and help reverse climate change.”

In the pursuit of a clean energy future, the significance of energy storage solutions cannot be overstated. These innovative storage solutions are crucial in guaranteeing a dependable and environmentally-friendly power supply. By adopting these cutting-edge storage technologies, industries can transition away from captive thermal plants and other fossil fuel-dependent sources and instead rely entirely on renewable energy to fulfil their electricity requirements. Among the various storage technologies available today, pumped storage hydropower (PSH) stands out as the most established and widely utilised, accounting for more than 95percentage of the world’s installed storage capacity.

For more details on Serentica, please visit http://www.serenticaglobal.com

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