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United News of India
17-05-2025
- Business
- United News of India
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
Mint
16-05-2025
- Business
- Mint
ReNew to invest ₹22,000 cr for 2.8 GW hybrid RE project in Andhra Pradesh
NEW DELHI : Nasdaq-listed ReNew Energy Global Plc on Friday announced an investment of ₹22,000 crore to set up a hybrid renewable energy project in Andhra Pradesh. The 2.8 GW project including 1.8 gigawatt of solar, 1 GW wind, and a battery energy storage system (BESS) of 2 gigawatt hour (GWh) will be set up in Andhra Pradesh's Anantapur district. Nara Lokesh, the minister for information technology, electronics & communications, real-time governance and human resources development of Andhra Pradesh, laid the foundation stone for the project during the day in the presence of Sumant Sinha, founder, chairman, and CEO of ReNew. Also Read: How energy storage can make renewables work for Indian commercial enterprises In the project's first phase, ReNew will set up 587 Megawatt-peak (MWp) solar and 250 Megawatt (MW) wind energy capacity, along with a 415 Megawatt hour (MWh) BESS, for which power purchase agreements (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," the statement said, adding that the project will be made up of solar panels manufactured in ReNew's manufacturing units in Jaipur, Rajasthan, and Dholera, Gujarat. Aiding India's 2030 clean energy goal '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," the minister said. Also Read: Fortum to sell majority stakes in renewable, EV charging businesses in India Sinha said that 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 hon'ble prime minister's commitment of achieving the target of 500 GW non-fossil fuel electricity generation capacity by the year 2030," Sinha added. ReNew has a portfolio of 717 MW of operational wind capacity and 60 MW of solar capacity spread over 10 sites in Andhra Pradesh. As of 14 February, its gross clean energy portfolio stood at 17.4 GW. Also Read: 25GW of renewable energy capacity installed in FY25: Pralhad Joshi Earlier this month, it received an investment of $100 million from British International Investment (BII) for its solar module and cell manufacturing subsidiary ReNew Photovoltaics Ltd, valuing the unit at $1 billion.
India Today
16-05-2025
- Business
- India Today
Andhra Pradesh bets big on clean energy, targets 72 giga watts by 2029
Andhra Pradesh stepped up its renewable energy drive with the launch of a major infrastructure project and a bold target to become a clean energy leader in Minister for Information Technology and Renewable Energy, Nara Lokesh, on Friday, laid the foundation stone for the ReNew Renewable Energy Complex in Anantapur. The project, valued at Rs 22,000 crore, marks one of the state's largest investments in the sector to green energy firm returned to Andhra Pradesh after six years with the 4.8 GW project, covering solar, wind and battery storage. Speaking at the event, Lokesh described the project as a turning point. 'Today, we are not just laying a foundation stone — we are laying the cornerstone of India's clean energy revolution,' he project is part of a broader plan to scale up renewable capacity across Andhra Pradesh. At the Renewable Energy Invest Summit held in 2024, the state announced its goal of achieving 72 gigawatts (GW) of renewable energy capacity by 2029. Lokesh described the mission as 'bold, urgent, and necessary.'The announcement came a day after the State Investment Promotion Board (SIPB) approved 19 new projects worth Rs 33,720 crore, expected to create 34,621 jobs across sectors like energy, tourism, IT and the new government took office, SIPB has cleared 76 projects worth Rs 4.95 trillion, projected to generate 4.5 lakh jobs.A key focus of this plan is Rayalaseema, a region in southern Andhra Pradesh. Lokesh noted that a majority of the recent clean energy investments are being directed there, positioning the region as a future clean energy the last eight months, Andhra Pradesh has secured several major renewable energy commitments from firms such as Tata Power (Rs 49,000 crore for 7,000 MW), NTPC Green Hydrogen (Rs 1.86 lakh crore project foundation stone of which was laid by Prime Minister Narendra Modi), Vedanta Sarantika (Rs 50,000 crore for 10,000 MW), Sal Industries (Rs 6,000 crore for 1,200 MW) and Brookfield (Rs 50,000 crore for 8,000 MW)Lokesh attributed the state's progress to the leadership of Chief Minister N Chandrababu Naidu. Referring to the Integrated Clean Energy Policy, launched in October 2024, he said it serves as a 'blueprint for India's green revolution.' He praised Naidu's long-term planning, stating, 'Sri Nara Chandrababu Naidu Garu is not merely building roads and infrastructure; he is building highways to the future.''Andhra Pradesh is not just adapting to change — it is driving and creating it,' Lokesh added.
Time of India
14-05-2025
- Business
- Time of India
AP set to house India's largest integrated green energy project
1 2 3 Vijayawada: Andhra Pradesh is all set to receive another significant project in the renewable energy sector. To be established by ReNew with an investment of Rs 22,000 crore in a phased manner, the project consisting of solar, wind, and battery storage units will become India's largest single-site integrated renewable energy plant once it is fully minister Nara Lokesh will lay the foundation stone for the project on May 16 at Bethapalli under Guntakallu mandal in Anantapur NDA govt, soon after coming to power, focused on increasing its footprint in the renewable energy sector by strengthening its portfolio. It has introduced the Integrated Clean Energy Policy (ICE) with tailor-made incentives for investors. Discussions between the state govt and ReNew were initiated at the recent World Economic Forum summit in Davos. Lokesh met with the chairman of ReNew, Sumant Sinha, at Davos, following which ReNew decided to return to Andhra Pradesh after six the first phase, ReNew plans to invest Rs 7,000 crore to develop 587 MW of solar, 250 MW of wind, and 415 MW of battery storage units. It has proposed to expand the project in a phased manner, ultimately reaching the target of creating 1,800 MW of solar, 1 GW of wind, and 2,000 MW of battery storage units, with a total investment outlay of Rs 22,000 project will not only be the largest renewable power complex in the country, but it will also enhance AP's clean energy capacity and grid capability. ReNew earlier invested in AP and developed a 777 MW facility. However, it stopped investing in AP following the cancellation of PPAs by the erstwhile YSRCP chief minister N Chandrababu Naidu was keen on having a dedicated policy for renewable energy, Lokesh reached out to companies such as ReNew, explaining the priorities of the NDA govt. Lokesh explained to Sinha the various incentives being offered and the commitment of the govt to protecting interests of investors. The state govt has set a target of developing 72 GW of energy in the renewable sector in the next five years.
The Hindu
14-05-2025
- Business
- The Hindu
ReNew Power to set up renewable energy complex in Andhra Pradesh's Anantapur district
ReNew Power, a Renewable Energy (RE) company, is investing about ₹22,000 crore in what it claims to be the country's largest single-site RE complex coming up at Bethapalle village in Anantapur district in Andhra Pradesh. The ground-breaking ceremony for the project is scheduled on May 16. IT & HRD Minister Nara Lokesh will be participating in it, thereby giving a big boost to the State's RE landscape. ReNew was the largest RE investor in Andhra Pradesh six years ago, that is, in 2019 with an installed capacity of 777 MW but it had suspended its expansion plans owing to the cancellation of Power Purchase Agreements (PPA) by the YSR Congress Party government. The company's re-entry into Andhra Pradesh now reflects the investor confidence in the National Democratic Alliance (NDA) government, and the above project is the first major one being grounded after the State's Integrated Clean Energy Policy (ICEP) came into force in October 2024. The breakthrough came after Mr. Lokesh's meeting with ReNew chairman Sumant Sinha on the sidelines of the World Economic Forum held at Davos (Switzerland). The project at Bethapalle, which is situated in Guntakal Assembly constituency, would have 587 MW solar and 250 MW wind capacities in addition to a 415 MWh Battery Energy Storage System (BESS) in Phase-I, whose total cost is pegged at ₹7,000 crore. The cumulative capacity in all phases would be 1,800 MW peak of solar, 1 GW wind and 2,000 MWh BESS with an aggregate investment of ₹22,000 crore. The project aligns with Andhra Pradesh's ambitious target of 72 GW renewable energy capacity by 2029 as announced at RE Invest 2024. It was stated that in the last eight months, there were major clean energy investments by Tata Power — ₹49,000 crore (7,000 MW), NTPC — ₹1.86 lakh crore (green hydrogen project), Vedanta's Serentica — ₹50,000 crore (10,000 MW), Brookfield — ₹50,000 crore (8,000 MW), and SAEL — ₹6,000 crore (1,200 MW).
