Monday, June 27, 2022
Advertisement 1
HomeSouthsuperAP CM Jagan lays foundation of world largest integrated renewable energy storage...

AP CM Jagan lays foundation of world largest integrated renewable energy storage project in Kurnool – Entrendz Showbizz

- Advertisement -


AP CM Jagan lays foundation of world largest integrated renewable energy storage project in Kurnool
- Advertisement -

Andhra Pradesh has bagged a big ticket investment and the construction work for the world’s largest Integrated Renewable Energy Storage Project (IRESP) started in Andhra Pradesh’s Kurnool district on Tuesday. AP CM YS Jagan Mohan Reddy laid the foundation stone for the 5,230 MW renewable energy storage project to be set up by Greenko today.

- Advertisement -

g-Ad

- Advertisement -

The project located at Gummitham Tanda is undertaken by the  Greenko Group, that  aims at generating 5230 MWs of electricity. This project is considered to be the first of its kind off stream, closed loop, giga watt scale long duration energy storage project.  This project envisages clean energy round the clock

On this occasion, Jagan Mohan Reddy said, “What AP is showcasing will be a triggering point for the entire country to follow in the days to come. The usage of fuel of the  fossil fuel would take a back seat and renewable energy in the front seat.” Jagan added that AP would lead the green energy sector.

IRESP will enable the  lowest cost green hydrogen and green molecule production and use, thereby reducing import the bill of USD 25 Billion for LNG.  The project entails investment of over USD 3 billion and has raised  USD 750 million of the  green bonds to finance its debt, a first for an under construction storage project globally.

- Advertisement -

If you liked this post, you should probably follow us on our Google Newsstand
You can Follow us on Medium.com too!!

Related Articles

Leave a Reply

Latest Articles