ReNew inks pact to set up projects in AP

ReNew Energy Global Plc, a leading decarbonisation solutions company, announced on 13 November that it would invest Rs 60,000 crore in Andhra Pradesh to set up multiple green energy projects in the State.
The company has already committed Rs 22,000 crore to the State in May 2025 to set up one of India’s largest hybrid renewable energy projects in Andhra Pradesh.

In four separate MoUs signed with the Andhra Pradesh Economic Development Board in the presence of Chief Minister N. Chandrababu Naidu and IT Minister Nara Lokesh, 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, Chandrababu Naidu 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. 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 of 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 the State — from wafer to large-scale renewable projects and storage deployment. This will strengthen domestic supply chains, create high-quality, skilled jobs, and advance India’s Aatmanirbhar Bharat vision. 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.”

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This article is written by Senior Journalist Lakkoju Nagesh Babu