A Timeline of the Pinnapuram Integrated Renewable Energy Project (IREP)

2016-2017:

• Conception: Greenko Group proposes the Pinnapuram IREP concept, envisioning it as India’s first and one of the world’s largest integrated renewable energy projects.
• Initial Planning: Feasibility studies conducted, environmental assessments initiated, and discussions with potential investors begun.

2018-2019:

• Project Gaining Momentum: Greenko secures land acquisition agreements for the project site in Kurnool district, Andhra Pradesh.
• Financial Backing Solidifies: The World Bank expresses interest in the project, followed by the Asian Development Bank and the Indian Green Climate Fund.
• Technology Partnerships Formed: Collaboration with international companies like AFRY, Voith, and Andritz Hydro begins for specific project components.

2020-2021:

• Construction Commences: The first phase of the project, a 1 GW solar power plant, starts construction.
• Financial Closure Achieved: Greenko raises necessary funds through debt from the World Bank and ADB, equity injections from partners, and internal resources.
• Regulatory Approvals Obtained: Environmental and other regulatory clearances secured from the Indian government.

2022-2023:

• Solar Plant Operational: The 1 GW solar power plant within Pinnapuram IREP becomes operational, marking a significant milestone.
• Construction Progress: Work on the wind farm and pumped storage hydropower components progresses steadily.
• Increased Recognition: The project receives international attention as a pioneering initiative in renewable energy integration.

2024-2026 (Anticipated):

• Continued Construction: Remaining phases of the project, including the wind farm and pumped storage hydro facility, are expected to be completed by 2026.
• Full Capacity Operational: Upon completion, Pinnapuram IREP is expected to become the world’s largest integrated renewable energy project with a total capacity of 5,230 MW.