Greenko and NTPC to partner for supplying on-demand green energy
New Delhi: In what may help bring down the electricity price for consumers and provide on-demand power from wind and solar projects, Hyderabad-based Greenko Energies Pvt Ltd plans to partner with state run NTPC Ltd to develop ‘round-the-clock’ power supply.
This assumes significance given that solar and wind are infirm sources of energy, with storage holding the key to providing on-demand electricity from wind and solar projects. Till now, electricity distribution companies (discoms) had the option to procure power either from clean energy projects or coal and gas fuelled projects, with each having their own pros and cons, in terms of reliability and flexibility.
Greenko is among India’s largest green energy developers with a 6.4 gigawatt (GW) portfolio and is building power storage projects with total capacity of 7.2 GW across six states in India. While NTPC runs the largest fleet of coal based capacity in India, Greenko’ integrated renewable energy assets with storage, will help it provide clean energy during peak grid demand.
