Serentica Renewables collaborates with Greenko Group for carbon-free power

Serentica Renewables, a decarbonisation platform that seeks to accelerate the energy transition for energy-intensive industries, entered into an agreement with Greenko Group to source 1500 MWh of energy storage capacity through Greenko’s pumped storage projects located in India. As part of this partnership, Serentica will leverage Greenko’s energy storage capacity from its upcoming off-stream closed-loop pumped storage projects (OCPSP) at Pinnapuram in Andhra Pradesh and Gandhi Sagar in Madhya Pradesh. This arrangement will enable Serentica to deliver round- the-clock, firm, and dispatchable renewable energy to its various industrial clients.
Commenting on the cooperation, Pratik Agarwal, Director of Serentica Renewables, said, “Facilitating the usage of renewable energy through the promotion of both new and proven storage technologies will hold the key to large- scale decarbonisation in India.” We are excited to partner with Greenko in our endeavour to accelerate India’s energy transition towards a carbonneutral future. “The storage capacity will enable us to provide a customised solution that best meets our customers’ needs in transitioning to sustainable energy and providing firm, dispatchable renewable power.”
Anil Chalamalasetty, Founder & Managing Director of Greenko, said “Greenko is among the first movers in industrial decarbonisation and is happy to collaborate with other RE developers in enabling such solutions.” Our contract with Serentica is another example of the long-term sustainability of energy storage-backed carbon-free energy solutions. We strongly believe that carbon-free energy solutions are the way forward and can create a distinct value proposition for the Indian manufacturing sector, allowing it to target previously inaccessible and/or less viable international markets. “We, at Greenko, are developing multiple pumped storage assets, one of the most competitive and sustainable energy storage technologies globally.”