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Serentica to source 1500 MW green energy a day from Greenko Group

Pratik Agarwal, Director, Serentica Renewables, said, long duration energy storage is critical to decarbonizing the country's energy consumption and reducing greenhouse gas emissions

Wind Power, Renewable Energy, Green Energy, Clean Energy
Serentica Renewables provides renewable energy through a combination of solar, wind, energy storage and balancing solutions enabling the transition of large-scale.
Press Trust of India New Delhi
1 min read Last Updated : Jul 10 2023 | 5:13 PM IST

Serentica Renewables (Serentica) on Monday said it has signed an agreement with Greenko Group for taking daily supply of 1,500 megawatt (MW) from energy storage facilities.

The power will be sourced from Greenko Group's upcoming energy storage projects in Andhra Pradesh and Madhya Pradesh and supplied to industrial customers, Serentica said in a statement.

"Serentica has signed a first-of-its-kind standalone energy storage capacity offtake contract with global energy storage developer, Greenko Group. As part of this contract, Serentica will leverage Greenko's unique energy storage capabilities to utilise a cumulative 1,500 MWhr capacity," it said.

The agreement is for a period of 25 years.

Pratik Agarwal, Director, Serentica Renewables, said, long duration energy storage is critical to decarbonizing the country's energy consumption and reducing greenhouse gas emissions.

The unique energy storage capacity offtake contract with Greenko puts Serentica on an accelerated trajectory in its mission to transition hard-to-abate, energy-intensive industries to clean energy and help reverse climate change.

Serentica Renewables provides renewable energy through a combination of solar, wind, energy storage and balancing solutions enabling the transition of large-scale, energy-intensive industries to clean energy.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Greenko Energy HoldingsGreenkoGreen energyenergy demandRenewable energy policy

First Published: Jul 10 2023 | 5:13 PM IST

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