Visakhapatnam, November 13, 2025 – ReNew Energy Global Plc (ReNew), a leading decarbonisation solutions company, today announced a landmark expansion of its investment in Andhra Pradesh, committing an additional ₹60,000 crore (approximately $6.7 billion) to establish a fully integrated clean energy value chain in the state. This new commitment, formalized through four Memorandums of Understanding (MoUs) with the Andhra Pradesh Economic Development Board, brings ReNew’s total fresh investment in the state to a staggering ₹82,000 crore (approximately $9.3 billion).

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The announcement was made in the presence of the Hon’ble Chief Minister of Andhra Pradesh, Shri N. Chandrababu Naidu, and the Minister for Information Technology, Electronics & Communications, Shri Nara Lokesh, signaling a major boost to the state’s position as a national leader in renewable energy.

 

The Integrated Investment Blueprint

 

The newly signed MoUs detail a diverse portfolio of projects that span the entire clean energy manufacturing and generation spectrum, moving beyond mere project development to establish a robust domestic supply chain.

The new ₹60,000 crore investment will focus on:

• Solar Manufacturing: Establishing a 6 GW PV ingot-wafer plant, a crucial component for solar panel production.
• Energy Storage: Developing a 2 GW pumped hydro project for grid stability and a 300 KTPA green ammonia facility to position the state in the emerging green molecules economy.
• Hybrid Generation: Deploying 5 GW of new hybrid projects, including wind-solar and solar-Battery Energy Storage System (BESS) initiatives.

This adds to the existing ₹22,000 crore investment announced in May 2025 for one of India’s largest hybrid renewable energy complexes in Anantapur district, which includes a 2.8 GW combined wind and solar generation capacity and a 2 GWh BESS.

 

Creating Jobs and Advancing ‘Aatmanirbhar Bharat’

 

Collectively, these projects are anticipated to generate over 10,000 direct and indirect jobs, contributing significantly to skilled employment and economic growth within the state.

Shri Nara Chandrababu Naidu, Chief Minister of Andhra Pradesh, emphasized the strategic importance of the collaboration: “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.”

Mr. Sumant Sinha, Founder, Chairman, and CEO, ReNew, highlighted the integrated nature of the expansion: “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 of Andhra Pradesh, 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.”

A Commitment to Grid Stability

Notably, ReNew recently secured $331 million in debt financing from the Asian Development Bank (ADB) for a crucial Andhra Pradesh project. This specific project integrates 837 MWp of wind and solar capacity with a 415 MWh BESS, specifically designed to deliver 300 MW of peak power and reliable baseload supply. This move signals a significant shift in the renewable energy landscape, proving that clean power can now be delivered competitively at grid scale as per peak power demand requirements.

ReNew’s comprehensive investment strategy aligns directly with the Andhra Pradesh government’s goal of leveraging clean energy for sustainable economic development and reinforcing India’s broader climate change commitments.