India’s leading renewable energy company Greenko Group plans to invest Rs 30,000 crore to develop a hybrid project at Shahpur, Baran district of Rajasthan.
The hybrid project also includes a pumped hydro storage project of 2,520 megawatt (MW) capacity estimated to cost Rs 11,882 crore.
Pumped hydro storage allows energy from intermittent sources such as solar, wind and other renewables to be saved for periods of higher demand. Greenko Group has a current operational capacity of about seven gigawatt (GW) and a pipeline of about eight GW