Saturday, May 17 2025 | Time 15:57 Hrs(IST)
Business Economy


ReNew to set up INR 22k Cr hybrid renewable energy project in Andhra Pradesh

Anantapur (Andhra Pradesh), May 16 (UNI) ReNew Energy Global Plc (“ReNew”), a leading decarbonisation solutions company, on Friday announced it will invest INR 22,000 crore (US $2.5 billion) to set up one of India’s largest hybrid renewable energy projects in the district.
With a generation capacity of around 2.8 GW, including 1.8 GWp solar and 1 GW wind, and a battery energy storage system (BESS) of 2 GWh, this will be one of the largest RE complexes at a single location in India, the company claimed in a release here.
Andhra Pradesh Minister for Information Technology, Nara Lokesh, laid the foundation stone for the project in the presence of Sumant Sinha, Founder, Chairman, and CEO, ReNew.
In the project’s first phase, ReNew will set up 587 MWp solar and 250 MW wind energy capacity, along with a 415 MWh BESS, for which PPAs have already been signed. The rest of the capacity will be developed in subsequent phases.
With a large BESS to be installed, the project will be able to supply power for up to 4 peak hours every day (non-RE generating hours), which will help the off-takers with peak demand management and enable renewable energy to be more firm and dispatchable.
Aligned with the Make in India mission, the project will be made up of 100% Made-in-India solar panels supplied from ReNew’s solar manufacturing units in Jaipur, Rajasthan, and Dholera, Gujarat. Additionally, it will use state-of-the-art solar tracking systems to maximise the generation, and waterless robotic cleaning for solar panels that will enable considerable savings of water.
Commenting on the development, the Minister said, “This project is directly aligned with Andhra Pradesh’s Integrated Clean Energy Policy and contributes to India’s 500 GW non-fossil fuel goal by 2030. This project is a testament to Andhra Pradesh’s resurgence as a national leader in clean energy. We are building not just capacity, but also credibility and global investor confidence”.
“I commend ReNew for this project and would look forward to more such investments in the future,” the Minister added.
Sumant Sinha said, “The state of Andhra Pradesh presents an attractive mix of investor-friendly policies, excellent transmission connectivity, and abundant availability of solar and wind resources. We are highly optimistic about developing large-scale renewable energy capacity in the state to contribute to the Prime Minister's commitment of achieving the target of 500 GW non-fossil fuel electricity generation capacity by the year 2030.”
ReNew has a portfolio of 717 MW of operational wind capacity and 60 MW of solar capacity spread over 10 sites in Andhra Pradesh. The company is dedicated to promoting clean energy-led growth in the state, and with this project, it will generate 1,500 direct and indirect jobs as it works in tandem with the government towards the state’s target of generating 78.5 GW of solar, 35 GW of wind power capacity, and 25 GWh of battery energy storage, Sumant added.
UNI KNR GNK
More News
Sensex soars 2876 12 points during the week

Sensex soars 2876 12 points during the week

17 May 2025 | 11:46 AM

Mumbai, May 17 (UNI) The BSE Sensex posted huge gains of 2,876.12 points or 3.62 per cent to settle at 82,330.59 during the week ended on Friday driven by easing geopolitical tensions after a ceasefire between India and Pakistan, softening retail and wholesale inflation, amid positive global cues.

see more..

ReNew to set up INR 22k Cr hybrid renewable energy project in Andhra Pradesh

17 May 2025 | 12:00 AM

Anantapur (Andhra Pradesh), May 16 (UNI) ReNew Energy Global Plc (“ReNew”), a leading decarbonisation solutions company, on Friday announced it will invest INR 22,000 crore (US $2.5 billion) to set up one of India’s largest hybrid renewable energy projects in the district.

see more..

Manipur officials want more banks , assure land for financial activities

16 May 2025 | 8:40 PM

Imphal, May 16 (UNI) The 82nd State Level Bankers Committee for Manipur was held on Friday under the chairmanship of the state Chief Secretary, PK Singh.

see more..

Kottayam-Kochi rubber market rates

16 May 2025 | 7:15 PM

Kottayam, May 16(UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..
Rupee marginally up 2 paise against USD

Rupee marginally up 2 paise against USD

16 May 2025 | 6:41 PM

Mumbai, May 16 (UNI) The Rupee on Friday ended positive at 85.51, rising two paise against USD on fresh selling of US Dollar from foreign banks and importers, dealers at the Forex Market said.

see more..