Greenko – one of India’s leading Renewable Energy companies, to invest 11,790 crores in Belagavi for Integrated Renewable Energy Project.
M/s Greenko Solar Energy Pvt Ltd., to establish a unit for “Integrated Renewable Energy project consisting of 600 MW Pumped Storage Energy Project, 1000 MW Solar Power Project and 400 MW Wind Power Project in the district.
Company to acquire total 6000 acres of land in various Sy.Nos. of Tallur, Karalakatti, Basidanidaddi and other villages of Saudatti, Ramadurga, Khanapura, Bailahongal, Gokok, Kittur and Belagavi Taluks, Belagavi District.
For smooth & speedy implementation of the project, Company formed two SPy companies which are 100% subsidiary of M/s. Greenko KAoi IREP Pvt. Ltd.
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State High Level Clearance Committee (SHLCC) in its 51st meeting held on 2.3.2018, has approved the project. Project has also recieved environment clearance.
About Greenko : Greenko Group is the World’s largest Renewable Energy Storage and leading Energy Transition & Decarbonization solutions company. Greenko with an installed Renewable Energy capacity of ~7.5 GW across Wind, Solar and Hydro capacities has ~10 GW of projects under development. Greenko has invested over US$7.5 billion, with Equity of over US$2.5 billion and has raised Global Green Bonds of over US$5.0 billion over the last 10 years and today produces 18 BU’s (1 ~ 1.5%) of India’s total energy production.
Greenko is building an intelligent, lowest cost “Energy Cloud Storage Platform” of 50 GWh capacity to be commissioned by 2025 and subsequently expanded to 100 GWh by 2027 along with Green Hydrogen production systems of 10 GW capacity by 2030