Greenko Signs MoU With NTPC to Explore RE and Storage Solutions

Greenko has entered into an agreement with NTPC to explore energy storage and renewable energy (RE) power supply solutions across India

Energy solutions provider Greenko Energies has announced that it has entered into an agreement with NTPC to explore energy storage and renewable energy (RE) power supply solutions. The company has signed a Memorandum of Understanding (MoU) with NTPC Vidyut Vyapar Nigam, a wholly-owned subsidiary of NTPC.

The objective of the partnership is to explore the possibility of development of renewable energy-based round-the-clock, flexible and dispatchable power supply offerings based on the integration of RE sources and pumped storage projects.

“The value proposition of the potential offering will be to meet the evolving bespoke requirements of discoms and other power consumers in India in real-time,” Greenko said in a statement.

Backed by GIC and Abu Dhabi Investment Authority, Greenko has a total asset base of 6.4 GW including an operational and near-term portfolio. It is also developing and building over 40 GWh of pumped hydro storage projects across six states in India.

In July, in a condition monitoring retrofit first for the Indian renewables market, independent power producer (IPP) Greenko has teamed up with ONYX InSight, a leading global predictive analytics and engineering firm, to modernise 500 wind turbines in their fleet. As a front-runner in digitalisation of renewables assets, Greenko sought ONYX InSight technology to enhance the quality of data from the wind turbine drivetrain to enable adoption of the latest predictive analytics.

ONYX InSight will be installing its advanced sensing equipment, ecoCMS, in a phased retrofit project across the 500 direct-drive and geared turbines. Using their fleetMONITOR condition monitoring software platform, the data generated will be used to identify developing machinery failures, providing longer lead times of 6 – 12 months to plan for repairs.

More recently, it was reported that NTPC Limited had received a ‘go-ahead’ from the Niti Aayog and Department of Investment and Public Asset Management (DIPAM) to set up a wholly-owned company for its renewable energy business. The move formalises NTPC’s plans in the renewable space. For many observers, a massive shift by the largest power generator in the country has been considered a key to the achievement of renewable energy targets and growth of the sector, as the public sector NTPC has the funds, expertise, and familiarity to negotiate the issues that have been a stumbling block for many private sector developers.