ESFC: International Investment, Global Engineering and Financial Consulting
About Us
  • About Company
  • Investment Project Financing
  • Long-Term Loans
  • Lending up to 90%
  • Refinancing
  • Finance and Technology
  • Latest Projects
  • Questions and Answers
Industries
  • Finance
  • Consulting
  • Real Estate
  • Power
  • Oil and Gas
  • Mining and Handling
  • Industry and Environment
Financing and Engineering
  • Thermal Power Plants
  • Hydroelectric Power Stations
  • Solar Power Plants
  • Wind Farms
  • Electrical Substations
  • Waste Processing Plants
  • Water Treatment Plants
  • Sea Ports and Terminals
  • Liquefied Natural Gas Plants
  • LNG Regasification Terminals
  • Mining and Processing Plants
  • Chemical Plants
  • Mineral Fertilizer Plants
  • Cement Plants
Publications
Contact Us
    English
    • Русский язык
    English
    • Русский язык
    ESFC: International Investment, Global Engineering and Financial Consulting
    About Us
    • About Company
    • Investment Project Financing
    • Long-Term Loans
    • Lending up to 90%
    • Refinancing
    • Finance and Technology
    • Latest Projects
    • Questions and Answers
    Industries
    • Finance
    • Consulting
    • Real Estate
    • Power
    • Oil and Gas
    • Mining and Handling
    • Industry and Environment
    Financing and Engineering
    • Thermal Power Plants
    • Hydroelectric Power Stations
    • Solar Power Plants
    • Wind Farms
    • Electrical Substations
    • Waste Processing Plants
    • Water Treatment Plants
    • Sea Ports and Terminals
    • Liquefied Natural Gas Plants
    • LNG Regasification Terminals
    • Mining and Processing Plants
    • Chemical Plants
    • Mineral Fertilizer Plants
    • Cement Plants
    Publications
    Contact Us
      English
      • Русский язык
      English
      • Русский язык
      ESFC: International Investment, Global Engineering and Financial Consulting
      English
      Русский язык
      • About Us
        • Back
        • About Us
        • About Company
        • Investment Project Financing
        • Long-Term Loans
        • Lending up to 90%
        • Refinancing
        • Finance and Technology
        • Latest Projects
        • Questions and Answers
      • Industries
        • Back
        • Industries
        • Finance
        • Consulting
        • Real Estate
        • Power
        • Oil and Gas
        • Mining and Handling
        • Industry and Environment
      • Financing and Engineering
        • Back
        • Financing and Engineering
        • Thermal Power Plants
          • Back
          • Thermal Power Plants
          • Financial model for a thermal power plant
          • Thermal power plant project financing
          • Commercial and industrial loan for thermal power plant
          • Thermal power plant design
          • Thermal power plant construction
          • Thermal power plant modernization
        • Hydroelectric Power Stations
          • Back
          • Hydroelectric Power Stations
          • Financial model for a hydroelectric power plant
          • Hydropower plant project financing
          • Commercial and industrial loans for hydropower plants: bank funding
          • Hydropower plant design
          • Hydropower plant construction
          • Hydropower plant modernization
        • Solar Power Plants
          • Back
          • Solar Power Plants
          • Financial model of the solar energy project
          • Solar power plant project financing
          • Industrial and commercial loans for solar power plants: bank financing
          • Solar power plant design
          • Solar power plant construction
          • Solar thermal power plant construction
          • Solar power plant modernization
        • Wind Farms
          • Back
          • Wind Farms
          • Financial model of the wind farm project
          • Wind farm project financing
          • Commercial and industrial loans for wind farms: bank financing
          • Wind farm engineering services
          • Wind farm construction
          • Wind power plant modernization
        • Electrical Substations
          • Back
          • Electrical Substations
          • Financial model of electrical substation
          • Electric substation financing
          • Substation design
          • Substation construction
          • Substation modernization
        • Waste Processing Plants
          • Back
          • Waste Processing Plants
          • Financial model for waste processing plant
          • Waste processing plant financing
          • Waste recycling plant design
          • Waste processing plant construction
          • Waste processing plant modernization
        • Water Treatment Plants
          • Back
          • Water Treatment Plants
          • Financial model of water treatment plant
          • Wastewater treatment project financing
          • Wastewater treatment plant design
          • Wastewater treatment plant construction
          • Wastewater treatment plant modernization
        • Sea Ports and Terminals
          • Back
          • Sea Ports and Terminals
          • Financial model of the seaport
          • Financing for seaport projects
          • Seaport engineering design
          • Seaport construction
          • Seaport modernization and expansion
        • Liquefied Natural Gas Plants
          • Back
          • Liquefied Natural Gas Plants
          • LNG plant financial model
          • LNG plant project financing
          • LNG plant design
          • Construction of liquefied natural gas plants
          • LNG plant modernization
        • LNG Regasification Terminals
          • Back
          • LNG Regasification Terminals
          • LNG regasification terminal financial model
          • LNG regasification terminal project financing
          • LNG regasification terminal design
          • LNG regasification terminal construction
          • LNG regasification terminal modernization
        • Mining and Processing Plants
          • Back
          • Mining and Processing Plants
          • Financial model of a mining and processing plant
          • Mining and processing plant financing
          • Mining and processing plant design
          • Mining and processing plant construction
          • Mining and processing plant modernization
        • Chemical Plants
          • Back
          • Chemical Plants
          • Financial model of a chemical plant
          • Chemical plant project financing
          • Chemical plant design
          • Chemical plant construction
          • Chemical plant modernization
        • Mineral Fertilizer Plants
          • Back
          • Mineral Fertilizer Plants
          • Financial model of a mineral fertilizer plant
          • Mineral fertilizers plant financing
          • Mineral fertilizer plant design
          • Mineral fertilizer plant construction
          • Mineral fertilizer plant modernization
        • Cement Plants
          • Back
          • Cement Plants
          • Financial model for a cement plant
          • Cement plant project financing
          • Cement plant design
          • Cement plant construction
          • Cement plant modernization
      • Publications
      • Contact Us
      Carrer Pic de Peguera, 11, 17003 Girona, Spain
      info@esfccompany.com
      • Home
      • Publications
      • Pinnapuram Project (IRESP): when solar, wind and hydro power play together

      Pinnapuram Project (IRESP): when solar, wind and hydro power play together

      Pinnapuram Project (IRESP): when solar, wind and hydro power play together

      $3 billion IRESP project, recently approved in India, could take renewable energy to the next level, accelerating the development of the sector around the world.

      ✓ Project finance and investment consulting from ESFC Investment Group:

      • From €50 million and more.
      • Investments up to 90% of the project cost.
      • Loan term from 10 to 20 years.

      To consider the issue of financing your project, send us the completed application form and project presentation by e-mail.


      Read more...
      The Pinnapuram Integrated Renewable Energy Project (IRESP) launched last year in Andhra Pradesh, India, represents a groundbreaking initiative that combines solar, wind, and pumped storage hydroelectric power sources.

      With the aim of providing reliable and predictable renewable energy, this huge $3 billion investment project is set to revolutionize the energy landscape in India by supplying electricity to consumers throughout the country.

      ESFC Investment Group specializes in providing large-scale loans for investment projects in the energy sector. By leveraging their expertise, ESFC international expert team supports customers in accessing the necessary capital for their ambitious energy projects while ensuring their financial viability and sustainability.

      If you are looking for project finance or a private investment loan, please contact us for details.

      Combined solar, wind and hydropower projects: theory and practice

      Combined renewable energy projects that incorporate solar, wind, and hydropower have a strong theoretical basis on the concepts of diversification, synergy, and reliability.

      The main idea of this kind of investment is to bring together different renewable energy sources to create a well-rounded and continuous energy supply. In fact, this combination make RES projects self-sufficient systems capable of effectively regulating generation and balancing the power grid.

      This promising versatile approach recognizes that solar power is strongest during the day, wind power can be harnessed day and night, and hydropower provides a stable and flexible energy source for balancing the power grid, regardless of the weather and time of day. Hydropower acts as a buffer, storing excess energy during peak generation periods and supplying it during times when solar or wind natural resources are scarce. By combining these technologies, energy companies can ensure a more consistent and reliable power generation.

      As renewable energy technologies have advanced for the last couple of decades, so too have the practical applications of combined RES investment projects. Initially, solar, wind, and hydropower facilities were usually built and financed separately, with rare exceptions, focusing on their specific advantages.

      However, the recognition of the benefits of combining these sources has led to larger-scale investments that harness the strengths of each approach. These projects are implemented in regions with suitable resources, such as tropical coastal areas with ample wind and solar potential.

      Real-world examples serve as evidence of the success of combined renewable energy projects. For instance, Gansu Wind Farm in China (construction started in 2009, planned installed capacity 20 GW) combines wind and solar power.

      The old and well known Grand Coulee Dam in the United States is currently incorporates hydropower with wind and solar solutions.

      Facilities listed above highlight enormous potential for synergistic utilization of multiple renewable energy sources. The Pinnapuram Integrated Renewable Energy Project will be one of the largest projects of this type in history and one of the first investments of this type in India.

      Large combined renewable energy project can provide numerous benefits and features:

      1. Diversification of energy sources. By combining multiple renewable energy sources, the facility significantly reduces dependency on a single source and diversifies the energy mix. This enhances energy security and helps mitigate risks associated with power fluctuations.

      2. Synergy and complementarity. Solar, wind, and hydropower sources exhibit complementary characteristics. Combining these sources maximizes energy generation potential throughout the day and across different weather conditions.

      3. Increased energy generation. The combination of solar, wind, and hydropower allows for a higher overall generation capacity. This increased capacity can help meet growing energy demand and support the integration of renewable energy into the grid.

      4. Enhanced grid stability and flexibility. Integrating multiple renewable sources improves grid stability / flexibility. Hydropower acts as a form of energy storage, allowing excess energy from solar and wind sources to be stored during periods of high generation.

      5. Environmental benefits. Utilizing a combination of wind, solar, and hydroelectric power minimizes the environmental impact associated with energy generation. These renewable sources produce clean energy, reduce CO2 emissions, and help combat global climate change. Additionally, modern hydropower projects can contribute to water management and irrigation systems, further supporting sustainable development.

      6. Technological advancements and innovation. Developing, financing and implementing a combined renewable energy project like IRESP encourages technological advancements and innovation in the field of energy generation, storage, and integration.

      It is clear that this type of innovative investment offers diversified energy generation and provides numerous economic benefits.

      But building renewable energy systems consisting of pump-storage hydropower, solar, and wind components can be challenging due to several factors.

      First, the choice of locations for such facilities is extremely limited. Pump-storage hydropower requires specific geographical features like mountains and water bodies, which may not be readily available in all areas. Similarly, solar and wind farms need access to high levels of solar radiation and consistent wind resources. Identifying sites that meet the requirements of all three components can be complex and time-consuming. In particular, the initiator of the IRESP project spent a lot of effort to select the optimal location in the state of Andhra Pradesh.

      Secondly, large pump-storage hydropower systems provide a means of energy storage, allowing excess electricity from solar and wind sources to be stored and used during periods of insufficient generation. However, sizing the storage capacity and managing the discharge and charging cycles can be complex. It requires accurate forecasting of energy generation and consumption patterns to optimize the use of stored energy. Achieving an optimal balance between generation, storage, and load management is a significant challenge.

      Pump-storage hydropower projects can have significant impacts on ecosystems, water resources, and local communities.

      Similarly, solar and wind farms require vast land areas, which can pose challenges related to land acquisition and potential conflicts with other land uses. Addressing these concerns and obtaining necessary permits can delay project implementation for years.

      Finally, building a hybrid renewable energy system combining pump-storage hydropower, solar, and wind components can be capital-intensive. Each component has its own expensive infrastructure and equipment requirements, and their integration involves additional costs. The overall cost of the project, including land acquisition, engineering services, power transmission infrastructure, and storage systems, can run into many billions of dollars. Securing adequate funding and ensuring cost-effectiveness of the project can be a significant hurdle.

      Despite these challenges, advances in technology and ongoing research and development efforts are aimed at overcoming these barriers. Flexible and efficient hybrid renewable systems have enormous potential to provide sustainable energy for developing economies.

      Details about the Pinnapuram Integrated Renewable Energy Project

      The need for RES development is felt in India as fossil fuel prices rise and new highly competitive renewable solutions emerge.

      The IRESP project, proposed about five years ago, may soon become a real breakthrough in the Indian energy sector. By combining conventional renewable energy technologies with pumped storage capacity, the project proponents can secure a reliable supply of carbon-free electricity throughout western India.

      The Pinnapuram Integrated Renewable Energy Project (IRESP, Andhra Pradesh, India) combines solar, wind and hydro storage

      The total cost of the investment project reaches 3 billion dollars, of which about 880 million dollars are accounted for by the pumped storage component.

      Initial financial analysis of the Pinnapuram energy project assumed a debt-to-equity ratio of 7:3 at an annual interest rate of less than 10%.

      The first phase of the innapuram Integrated Renewable Energy Project, approved by the local government, will include 1000 MW of installed solar capacity, 600 MW of installed solar capacity, and a stand-alone pumped storage HPP with an installed capacity of 1200 MW. In the near future, the installed capacity will be increased to 3000 MW, 2000 MW and 2400 MW, respectively.

      The construction of the pumped storage hydropower plant began in 2022, and it is planned that it will be put into operation in 2025.

      By combining solar, wind, and hydropower sources, project ininiators hope to maximize renewable energy generation, improve grid stability, and accelerate the transition to a sustainable and low-carbon future.

      The grandiose combined power plant is being built in Kurnool district in the west of Andhra Pradesh. The pumped storage hydropower plant, which occupies tens of square kilometers of land, requires huge investments in re-landscape, construction work and environmental protection measures. The HPP will consist of two reservoirs, such as the existing Gorakallu Reservoir and the Pinnapuram Reservoir currently under construction. These reservoirs are located far from major riverbeds, which also explains the significant need for capital.

      Table. The main characteristics of the IRESP reservoirs planned in 2018

      Parameters Pinnapuram Reservoir Gorakallu Reservoir
      Area, square kilometers 9,45 77,70
      Maximal flood discharge, cumecs 147 848
      Live storage, thousand million cubic feet 1,0 10,29
      Dead storage, thousand million cubic feet 0,32 2,15

      The reservoirs are planned to be separated by a huge 9.6-kilometer dam over 40 meters high, which adds to the technical complexity of the project and requires expensive engineering solutions.

      The hydroelectric power plant will be connected by six tunnels and penstocks and will be equipped with eight Francis-type pump-turbine units with a variable speed vertical shaft. When operating in the so-called turbine mode, the facility will generate up to 1 GWh of electricity by using about 862 cubic meters per second (Cumec) of the release of stored water from the upper water reservoir.

      The principle of energy storage is that the power plant uses about 1.5 GW to pump 1.2 TMC of water from the lower reservoir to the upper one.

      Then, when there is a need for additional power generation, the water is drained into the lower reservoir, compensating for the drop in electricity generation from solar panels and wind turbines due to the hydropower component.

      The technology is quite flexible, since the forced filling of the upper reservoir will take less than 9 hours.

      The hydropower component includes the construction of a powerful substation with 420kV gas-insulated switchgear along and step-up transformers. Long 20 km IRESP transmission line will connect to the Orvakallu 765/400/220 kV substation operated by Power Grid Corporation of India, while another 6 km line will connect to the Central Pinnapuram Station. CPS will supply the electricity to a wide range of consumers, including those outside Andhra Pradesh. It will include an energy control center and a smart platform to monitor and balance energy generation.

      The project is owned and operated by the Indian renewable energy company Greenko.

      The company, with its cutting-edge multi-million dollar investment projects of various types, has a presence in 15 states across India. One of company's key business areas is energy storage technologies, including pumped storage power plants.

      Detailed engineering design services for the project are provided by AFRY India, while mechanical and electrical equipment will be supplied by a number of renowned manufacturers from around the world (Andritz, Carpi Tech, etc.)
      After receiving the necessary documents (application form and project presentation), our team will try to review your request as soon as possible, and leading experts will offer the best options for project funding.

      Tags
      india hydropower plant solar power plant wind power plant res

      Industries and Services
      Hydroelectric power plants (HPP): project finance and loans
      Hydroelectric power plants (HPP): project finance and loans
      Stand-by Letter of Credit (SBLC)
      Stand-by Letter of Credit (SBLC)
      Financial engineering
      Financial engineering
      Financing the modernization and purchase of equipment for metallurgical plants
      Financing the modernization and purchase of equipment for metallurgical plants
      Investment strategy development
      Investment strategy development
      Feasibility study for investment project
      Feasibility study for investment project
      Offering memorandum: project funding
      Offering memorandum: project funding
      Attraction of investments and bank loans
      Attraction of investments and bank loans
      Investment lending
      Investment lending

      Financing and Engineering
      Financial model for a hydroelectric power plant
      Financial model for a hydroelectric power plant
      The development of a financial model for a hydroelectric power plant (HPP) plays an important role in obtaining financing for large projects and contributes to the growth of the renewable energy sector.
      Wind farm project financing
      Wind farm project financing
      ESFC promotes investments and offers financial models with a minimum contribution (10 %) for the construction of large wind farms around the world.
      Solar power plant project financing
      Solar power plant project financing
      ESFC offers financial models with a minimum contribution (10%) and long-term investments for the construction of large solar power plants around the world.
      Commercial and industrial loans for wind farms: bank financing
      Commercial and industrial loans for wind farms: bank financing
      Bank loans for wind farms, including commercial and industrial loans, are among the most important sources of capital for the construction and modernization of facilities of this type.
      Wind farm engineering services
      Wind farm engineering services
      We offer a full range of wind farms international engineering services, including design, construction, financing and modernization of energy facilities - EPC contracts.
      Substation construction
      Substation construction
      Our company is engaged in the financing and construction of electrical substations around the world, offering innovative technical solutions for business.
      Back to list Next article
      Categories
      • News
      • Technology
      • Investments and Loans
      • Project Finance
      • Finance and Construction
      • Consulting and Engineering
      • Infrastructure
      • Agriculture
      • Thermal Energy
      • Solar Energy
      • Wind Energy
      • Mining and Processing
      • Chemical Industry
      • Oil and Gas
      • Water Treatment
      • Waste Recycling
      • Cement and Concrete
      Related Articles
      • Intel Magdeburg: project that revolutionizes chip industry in Europe
        Intel Magdeburg: project that revolutionizes chip industry in Europe
      • Top-7 largest investments in construction projects 2023
        Top-7 largest investments in construction projects 2023
      • North Field East Project: LNG investments in Qatar
        North Field East Project: LNG investments in Qatar
      • Isar Aerospace: European investors are boosting German space industry
        Isar Aerospace: European investors are boosting German space industry
      • Private investment for large projects: new opportunities for investors and funds
        Private investment for large projects: new opportunities for investors and funds
      • Investments in the European automotive industry: a steep road to success
        Investments in the European automotive industry: a steep road to success
      • Financing the renewable energy sector in Mexico
        Financing the renewable energy sector in Mexico
      • Financing of the chemical industry in Poland: investments and development
        Financing of the chemical industry in Poland: investments and development
      • Financing wind farms in Austria
        Financing wind farms in Austria
      • Investments in solar power plants in Germany: photovoltaics on the rise
        Investments in solar power plants in Germany: photovoltaics on the rise
      Tag Cloud
      agriculture asia audit australia austria automotive plant bank bank guarantee biogas bonds brazil bulgaria business canada cement chemical industry china coal compound feed plant construction consulting contractor cost credit csp design development egypt energy engineering epc equipment esfc eu europe finance financial consulting financial modeling france gas geothermal energy germany green economy holding hotel hpp hydrogen hydropower plant incineration plant india industry infrastructure innovation interest rate investment investment consulting investment engineering investment fund ireland italy latin america leasing liquefied natural gas lng loan m&a maintenance malaysia management marketing mexico mining mining and processing plant modernization morocco north sea npp nuclear energy offshore wind farm oil oman philippines poland ppp project finance pv qatar real estate recycling refinery res saudi arabia sblc seaport singapore solar photovoltaic power plant solar power plant space spain special purpose vehicle spv structured finance sugar refinery technology terminal thermal power plant tpp uae uk usa uzbekistan venture capital waste processing plant wastewater treatment plant wind energy wind farm wind power plant wpp wwtp
      © 2024 ESFC Investment Group
      All Rights Reserved
      Address
      Carrer Pic de Peguera, 11, 17003 Girona, Spain
      Stay in touch