Serentica Renewables Partners with Greenko Group for Daily Sourcing of 1,500 MW from Energy Storage Facilities

11 Jul 2023 , 01:47 PM

Serentica Renewables (Serentica) has signed an agreement with Greenko Group to source 1,500 megawatts (MW) of energy daily from energy storage facilities.

The collaboration will involve utilizing Greenko’s energy storage capabilities, specifically tapping into a cumulative capacity of 1,500 megawatt-hours (MWhr) from upcoming energy storage projects in Andhra Pradesh and Madhya Pradesh.

Serentica aims to deliver round-the-clock, firm, and dispatchable renewable energy to its industrial customers, ensuring an annual assurance of over 95% and a 15-minute time-block assurance exceeding 85%.

The partnership with Greenko will accelerate Serentica’s mission to transition energy-intensive industries to clean energy and contribute to reversing climate change. Long-duration energy storage plays a critical role in decarbonizing energy consumption and reducing greenhouse gas emissions.

Energy storage solutions are vital for ensuring a reliable and sustainable power supply as the world transitions to a clean energy future. Advanced storage solutions enable industries to shift away from captive thermal plants and fossil fuel-based sources, relying on renewable energy for 100% of their electricity needs.

The partnership between Serentica and Greenko will support India’s renewable energy goals and facilitate the transition to a greener and more sustainable future.

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