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.”
Also read: Children’s Day Ideas- Things to do with your Kids this Children’s Day
Stay tuned to Yo! Vizag website and Instagram for more city and news updates.
This article is written by Senior Journalist Lakkoju Nagesh Babu
When it comes to temple trails in Srikakulam, Arasavalli Sun Temple and Sri Kurmam are…
G.K. Chesterton, a prolific English writer and journalist, famously wrote, “Men did not love Rome…
City social life has evolved with the times. People today value experience over possession, relationships…
The dream of owning a house is set to become a reality soon for poor…
A couple who were sent to Malaysia on the promise of jobs with a decent…
Ahead of local body elections, the YSRCP in North Andhra took a major hit on…