On the first day of the Visakhapatnam CII Summit, Renew Energy Global PLC, a leading decarbonization solutions company in Andhra Pradesh, agreed to set up multiple green energy projects in the state today. MoUs worth US $ 6.7 billion (Rs. 60,000 crore) were signed across 4 different sectors.
Green Andhra Pradesh in terms of development and employment due to the hard work, perseverance, and dedication of Chief Minister Nara Chandrababu Naidu and State IT, Education, and Human Resources Minister Lokesh.
BY RAJA PENTAPATI
. AP BUREAU CHIEF
National News
Amravati, November 13 (Bharat News)AP
Renew Energy Global PLC, a leading decarbonization solutions company, today announced that it will invest Rs. 60,000 crore (~US $6.7 billion) in Andhra Pradesh to set up multiple green energy projects in the state,
taking its total fresh investment in the state to Rs. 82,000 crore (~US$ 9.3 billion).
The company has already committed to pay Rs. 22,000 crore (~US$ 2.5 billion) to the state by May 2025 to set up one of India’s largest hybrid renewable energy projects in Andhra Pradesh.
The company, which signed four separate MoUs with the Andhra Pradesh Economic Development Board on Thursday in the presence of Andhra Pradesh Chief Minister Shri Nara Chandrababu Naidu and Minister for Information Technology, Electronics & Communications, Real-time Governance and Human Resource Development Shri Nara Lokesh,
announced plans to invest in setting up 5 GW hybrid projects in the state, including a 6 GW PV ingot-wafer plant, a 2 GW pumped hydro project, a 300 KTPA green ammonia facility and wind-solar and solar-BESS initiatives.
Andhra Pradesh is committed to becoming a national leader in the renewable energy sector and partners like Renew are playing a key role in taking this vision forward. 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 expansion, attract high-quality jobs and meaningfully contribute to sustainable and inclusive growth for the people of the state,” he said.
Speaking on the announcement, Renew Founder, Chairman and CEO Sumanth Sinha said, “Renew has had a long presence in Andhra Pradesh and with this expansion, we are bringing a fully integrated clean energy value chain from wafer to large-scale renewable projects and storage expansion to the state of Andhra Pradesh.
This will strengthen domestic supply chains, create high-quality skilled jobs and advance India’s vision of Atmanirbhar Bharat. We appreciate the leadership and clear policy direction of the Andhra Pradesh government, which makes the state a natural partner in accelerating India’s energy transition and sustainable economic growth.”
In May 2025, ReNew announced an investment of Rs. 22,000 crore (~US $22.5 billion) to set up one of India’s largest hybrid renewable energy projects in Anantapur district of Andhra Pradesh.
With a generating capacity of around 2.8 GW, including 1.8 GWp of solar power and 1 GW of wind power, and a battery energy storage system (BESS) of 2 GWh, it will be one of the largest renewable energy projects in India at a single location.
ReNew already has an operating portfolio of 717 MW of operational wind capacity and 60 MW of solar capacity across 10 sites in Andhra Pradesh.
The company is dedicated to promoting clean energy-based growth in the state and with the latest announcement, it is working with the Andhra Pradesh government towards the state’s target of generating 78.5 GW of solar power, 35 GW of wind power capacity and 25 GWh of battery energy storage, creating over 10,000 direct and indirect jobs. Creates.
ReNew is a leading decarbonization solutions company listed on Nasdaq (NASDAQ: RNW, RNWW). ReNew’s clean energy portfolio of ~18.5 GW (+1.1 GWh BESS) on a gross basis as of November 10, 2025 is one of the largest in the world.
In addition to being the leading independent power producer in India, we provide end-to-end solutions in the areas of clean energy, value-added energy offerings that are more integrated to address climate change in a fair and comprehensive manner. In addition, ReNew has 6.4 GW of solar module manufacturing, 2.5 GW of solar cell manufacturing and is expanding solar cell capacity by 4GW.
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