The Hyderabad headquartered company that has been pivoting towards offering storage as an independent service from a pure play independent green power producer is building a network of four 50GWhrs or 10 GW storage capacity.New Delhi: Greenko Group and NIIF backed Ayana Renewable Power Private Limited (Ayana) have entered into an arrangement to provide standalone storage capacity to develop firm and dispatchable RE solutions including Round-the-Clock power supply (RTC) of up to 1 GW. This will be the first of its kind partnership between two independent power producers (IPP), the two firms said in a joint statement.
The power will be offered to various manufacturing industries like steel, alumimium and other manufacturing units and power distribution companies in India.
Greenko Group, which considers GIC of Singapore and ADIA among key shareholders, has offered in total 6,000 MWr of storage capacity including 1500 MWhr of storage capacity in the first tranche from its unique off stream closed loop pumped storage project (OCPSP) being developed at Pinnapuram, Andhra Pradesh. The Hyderabad headquartered company that has been pivoting towards offering storage as an independent service from a pure play independent green power producer is building a network of four 50GWhrs or 10 GW storage capacity in Andhra Pradesh, Madhya Pradesh, Rajasthan and Karnataka. These facilities will also be linked to a cloud-based storage facility that will monitor demand and evacuation.
The Greenko-Ayana cooperation comes at a time when the Indian government is exploring delicensing of building of standalone battery storage systems along with allowing their sale, lease or hire; and permit the sale of stored power through power-purchase agreements (PPAs) and over exchanges, as part of its upcoming policy on energy storage systems (ESS).
The discussion paper issued by the power ministry also suggests waiving of power transmission fees to sell and purchase electricity from these storage facilities.
The integration of large scale integration of energy storage with renewable power generation becomes key in order to keep the power grids stable and also deal with the intermittent nature of solar or wind supply. By storing cheaper, green power during the off peak hours using battery or hydro-power storage and releasing it during peak electricity consumption period makes it more economical and wide spread.
Analysts estimate India needs 50GWh storage capacity to meet its 450-500 GW renewable energy commitment.
“Without long duration storage, energy transition at large scale will take much longer period. Decarbonisation is not just critical from an climate change perspective but also for India’s energy security. Price of imported LNG gas used by industrial users has touched $18-$20/mmBtu range and as importers we have no control over prices,” said Anil Chalamalasetty, Managing Director Greenko.
China like India is ramping up capacity, seeking to build out 65 GWh of pumped storage to be built by 2025. Recently, it commissioned a 3.5GW of storage plant.
Greenko Group has an installed capacity base of 7.3 GW across solar, wind and hydro generation technologies spread over approximately 100+ projects across 15 states nationwide. Ayana backed by NIIF is currently involved in the development and management of more than 3.59 GW ac of solar, wind and hybrid power projects across several Indian states and has an operational capacity of 1.19 GW ac of renewable energy projects in Andhra Pradesh, Karnataka and Rajasthan.
“This marks the first time two Independent power producers have joined hands to facilitate the decarbonization goals of industrial clients in India by developing storage infrastructure that will support reduction of emissions intensity of GDP by 45% by 2030,” said Shivanand Nirbargi, CEO, Ayana Renewable Power.
Source: energynewsbeat.co
