On Thursday, India’s Renew Energy Global announced plans to invest approximately 820 billion rupees to expand its clean energy portfolio in Andhra Pradesh, a southern state. The company is preparing to sign agreements with the state government for projects involving solar manufacturing, pumped hydro, battery storage, and green ammonia.
This includes establishing a 6 GW photovoltaic ingot-wafer plant, a 2 GW pumped hydro facility, a green ammonia plant with an annual capacity of 300,000 tonnes, and five GW of hybrid renewable energy projects, such as wind-solar and solar-plus-storage systems.
This initiative aligns with India’s goal to double its non-fossil fuel power capacity to 500 GW. The total investment also comprises 600 billion rupees in new funding, supplementing the 220 billion rupees previously pledged in May for a hybrid renewable project, according to ReNew.
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The company, which already has 717 MW of wind and 60 MW of solar capacity in Andhra Pradesh, stated that the expansion would create over 10,000 jobs.
Andhra Pradesh’s renewable energy targets include developing 78.5 GW of solar energy, 35 GW of wind energy, and 25 GWh of battery storage.
