Union Minister Prahlad Joshi Visits Greenko’s Renewable Energy Project
Over the past 10 years, Greenko’s founders have raised and deployed over USD 10 billion, including over USD 3 billion in equity and more than USD 5 billion via global green bonds.
Anantapur: Union minister Prahlad Joshi visited Greenko’s Integrated Renewable Energy Storage Project at Pinnapuram on Friday and appreciated its rapid progress.
The pioneering world’s first and largest GW-scale renewable energy project includes 4,000 MW of solar, 1,000 MW of wind, and 1,680 MW of pumped hydropower generation. With a storage capacity of 10,080 MWh per day in a single cycle, the carbon-free energy generated from the project will support industries, such as green steel, green aluminium, and green hydrogen.
Prahlad Joshi made an aerial survey tour of the facility and visited various components of the mega integrated renewable energy project. Speaking later, he said, “Witnessing the world’s first and largest of its kind project right here in our country is a matter of pride. It is a shining example of India’s green energy potential under the visionary leadership of Prime Minister Narendra Modi. I commend the AP government under the leadership of Chief Minister Chandrababu Naidu, whose progressive policies have made this pioneering effort possible.”
The union minister underlined that the project will help avoid 3.3 million tonnes of CO₂ emissions annually. Designed for clean energy generation, storage and on-demand supply, the project will play a pivotal role in enhancing India’s energy security and accelerating its transition to greener sources.
Greenko CEO & MD Anil Chalamalasetty said once completed, the project would drive economic growth in the region, foster development of ancillary industries and create employment opportunities. He emphasised that Greenko is leading the energy transition with its innovative storage solutions, developing several pumped hydro storage projects across India to establish a cloud storage platform with a capacity of over 100 GWh.
The Pinnapuram project is being developed with a total investment of USD 4.2 billion — USD 1.2 billion for the pumped storage component and USD 3 billion for the solar and wind generation infrastructure. It is a significant milestone in India’s transition to sustainable energy, effectively addressing the challenge of renewable energy intermittency.
Greenko is one of the world’s leading energy transition and decarbonisation companies, with an operational capacity of nearly 12 GW across wind, solar, hydro, and pumped storage. An additional 20 GW is under construction, spanning over 15 states in India. By 2030, Greenko aims to expand its portfolio to 50 GW.
Over the past 10 years, Greenko’s founders have raised and deployed over USD 10 billion, including over USD 3 billion in equity and more than USD 5 billion via global green bonds.
