ReNew to invest $9.3 bn in AP's green energy portfolio
We are committed to emerging as a national leader in RE, says CM Naidu
AP Chief Minister N Chandrababu Naidu receiving a memento from ReNew Energy Global Plc after it announced its new investment projects in the State in Visakhapatnam on Thursday. IT Minister Nara Lokesh is seen
Visakhapatnam: ReNewEnergy Global Plc, a leading decarbonisation solutions company, on Thursday announced an investment of Rs 60,000 crore ($6.7 billion) in Andhra Pradesh to set up multiple green energy projects in the State, taking its total fresh investment in the state to Rs82,000 crore ($ 9.3 billion).
The company has already committed Rs22,000 crore ($ 2.5 billion) to the State in May 2025 to set up one of India’s largest hybrid renewable energy projects in Andhra Pradesh. In the four separate MoUs signed on Thursday with the Andhra Pradesh Economic Development Board in the presence of Chief Minister of Andhra Pradesh N Chandrababu Naidu and Nara Lokesh, Minister for IT Electronics & Communications, the company announced plans to invest in establishing a 6 GW PV ingot-wafer plant, a 2 GW pumped hydro project, a 300 KTPA green ammonia facility and 5 GW of hybrid projects, including wind–solar and solar–BESS initiatives, in the State.
Sharing his thoughts on the development, Nadu said, “Andhra Pradesh is committed to emerging as a national leader in renewable energy, and partners like ReNew play a crucial role in advancing this vision.'
He said ReNew’s continued investments reinforce the confidence that global industry leaders have in the State’s policies, infrastructure, and talent. This collaboration will accelerate clean energy deployment, attract high-quality jobs, and contribute meaningfully to sustainable and inclusive growth for the people of the State. Speaking on the announcement, Sumant Sinha, Founder, Chairman, and CEO, ReNew said, “ReNew has a long-standing presence in Andhra Pradesh and with this expansion we are bringing a fully integrated clean energy value chain to Andhra Pradesh, from wafer to large-scale renewable projects and storage deployment," he said, adding this will strengthen domestic supply chains, create high-quality skilled jobs, and advance India’s Aatmanirbhar Bharat vision.
He said: "We appreciate the leadership and clear policy direction of the Government of Andhra Pradesh, which makes the State a natural partner in accelerating India’s energy transition and sustainable economic growth.”
