NewzVille Business Desk
Adani Green Energy Limited (AGEL) India’s largest renewable energy company, recently announced receiving the Letter of Award (LOA) from Uttar Pradesh Power Corporation Limited (UPPCL) for 1,250 MW energy storage capacity from Pumped Hydro Storage Projects (PSP).
The project, Panaura PSP, has a minimum commitment for 40 years. It will be located in the Sonbhadra district, Uttar Pradesh and is expected to be completed within the next six years.
India’s clean energy goal necessitates the development of large utility-scale storage projects to integrate renewables into the grid and provide round-the-clock renewable energy. Aligned to the endeavor, Adani Green Energy has diversified its portfolio to include energy storage solutions in addition to its existing solar, wind and hybrid projects.
Adani Green has firm plans to add over 5 GW hydro PSP capacity by 2030. The company has already commenced the construction of its hydro pumped storage projects of 500 MW at Chitravathi river, in Andhra Pradesh, 1500 MW at Tarali in Maharashtra and 1800 MW at Gandikota in Andhra Pradesh.
The project expected to be completed within the next six year
