Greenko Energies will set up India’s largest Integrated Renewable Energy Project (IREP) in Andhra Pradesh at an investment of INR 150 billion (US$2.2 billion). The project is recently approved by the Andhra Pradesh government, the project will comprise 1,000 MW of solar energy, 550 MW of wind energy and 1,200 MW of standalone pumped storage capacities. It is expected to provide employment to 15,000 people during construction and 3,000 people after construction.
The wind-solar hybrid project has been allotted around 4,766 acres of land. However, the company must complete the project within a period of four years (48 months), failing which the entire land will be handed back to the government of Andhra Pradesh.
The power generated from this wind-solar hybrid, along with standalone pumped storage, will be connected to the power grid substation and delivered outside the State, with no obligation for DISCOMs to purchase power. The PV Magazine reported.
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