Independent power producer ReNew Energy Global Plc has announced an investment of INR820bn ($9.33bn) in the southern Indian state of Andhra Pradesh. The initiative aims to develop a portfolio of assets including solar installations, pumped hydro projects, battery storage, and green ammonia production capacity.
The planned projects include a 6-gigawatt photovoltaic ingot and wafer manufacturing facility, a 2-gigawatt pumped-hydro plant, installations to produce 300,000 tonnes of green ammonia per year, and 5 gigawatts of hybrid renewable projects combining solar, wind and storage technologies.
Large-scale rollout plan in southern India
This financial commitment includes INR600bn in new investments, in addition to the INR220bn previously committed in May for a hybrid renewable project in the region. No details have been provided on the financing structure for these developments. However, ReNew stated that the expansion is expected to generate over 10,000 direct and indirect jobs in the state.
The company currently operates 717 megawatts of wind capacity and 60 megawatts of solar capacity in Andhra Pradesh. It aims to strengthen its presence in a state that plans to build 78.5 gigawatts of solar power, 35 gigawatts of wind capacity and 25 gigawatt hours of battery storage in the coming years.
Alignment with national strategic targets
The initiative aligns with national efforts to double India’s non-fossil energy generation capacity to 500 gigawatts. ReNew Energy Global, with a total clean energy portfolio of 18.5 gigawatts of owned assets, is solidifying its position as a key player in the Indian energy sector.
