Greenko Group, a leading renewable energies company, will supply green power to ArcelorMittal and Ayana Renewable Power via its 5,230 MW renewable energy plant being set up in India, a top company official has said.
The plant, which is being set up at a cost of $3 billion, is claimed to be the world's largest renewable energy storage project. Global steel giant ArcelorMittal has made an investment of around $600 million for 1,000 MW capacity of the project.
Out of 5,230 MW, 3,000 MW is solar, 550 MW wind and 1,680 MW is pump storage capacity. The daily storage capacity of the project will be 10,800 MW.
"Renewable energy will be supplied to ArcelorMittal, Ayana [Renewable Power] and discoms in Rajasthan, West Bengal, and Bihar."
Greenko’s joint managing director, Mahesh Kolli
"Renewable energy will be supplied to ArcelorMittal, Ayana [Renewable Power] and discoms in Rajasthan, West Bengal, and Bihar," Greenko’s joint managing director Mahesh Kolli stated.
The project is expected to be commissioned by 2023, and once the project is operational, it aims to offset 15 Mt of carbon dioxide, which is equal to the emissions coming out of 3 million cars.
"With this project, we have pioneered the concept of storage... this was possible due to policy support at the national level and of the state government."
Greenko’s joint managing director, Mahesh Kolli
"With this project, we have pioneered the concept of storage... this was possible due to policy support at the national level and of the state government," Kolli commented.
Hyderabad-based Greenko Group is among the largest renewable energy companies with an installed capacity of 7.5 gigawatts across solar, wind and hydro generation assets spread in 15 states.