Serentica Renewables and Greenko sign agreement for energy storage capacity offtake

Serentica Renewables  has signed a first-of-its-kind standalone energy storage capacity offtake contract with Greenko Group.

As part of this contract, Serentica will leverage Greenko’s energy storage capabilities to utilise a cumulative 1,500 MWh capacity from its upcoming energy storage projects in Andhra Pradesh and Madhya Pradesh. This deal will augment Serentica’s efforts to deliver round-the-clock (RTC), firm, and despatchable renewable energy to its industrial customers with an annual assurance of over 95 per cent and a 15-minute time-block assurance of over 85 per cent. It will uniquely position the company as one of the select few renewable independent power producers in the country that can offer a true RTC solution.