Wholesale Power Swap: ReNew Energy unveils a whopping Rs 22,000-crore renewable energy extravaganza in Andhra Pradesh
Construction commences on colossal Rs 22,000-crore undertaking by ReNew in Andhra
ReNew Energy Global, a big-time player in decarbonization, has set sail for its massive Rs 22,000-crore hybrid renewable energy undertaking in Andhra Pradesh's Anantapur district. Here's the scoop!
The initial phase of this stellar project kicked off with the laying of its foundation stone by Nara Lokesh, the state's minister for IT, electronics, and communications, human resources development, on a Friday in May 2025.
Fossil Fuels Caution Signals - Coal Imports Tumble 5% AnnuallyThe Sunshine State offers an irresistible blend of investor-friendly policies, exceptional transmission connectivity, and a solar and wind resource abundance, making it an appealing location for such ambitious projects. Sumant Sinha, the architect, chairman, and CEO of ReNew, shared his enthusiasm, saying, "We are bullish about raising India's renewable energy potential and helping the Prime Minister's 500 GW non-fossil fuel target by 2030."
The first phase of this hybrid facility will strut its stuff with 587 MWp solar panels, 250 MW windmills, and a colossal 415 MWh battery energy storage system (BESS). The agreements for these power outputs have already been inked.
The entire project portends a generation capacity of roughly 2.8 GW, comprising 1.8 GW solar panels, 1 GW wind turbines, and a titanic BESS of 2 GWh. This renewable energy neighborhood will be one of the nation's largest, stationed at a single site.
By incorporating a gargantuan BESS, the project will be in a position to churn out electricity for up to 4 peak hours daily (during off-renewable energy production hours), giving a leg up to peak demand management, improving grid stability, and turbo-boosting the reliability of renewable energy output.
The bulk of the solar panels utilized in this venture will hail from ReNew's Jaipur, Rajasthan, and Dholera, Gujarat solar-production hubs. These power-making marvels will also employ sophisticated solar tracking systems to capitalize on solar energy generation, and waterless robotic solar panel maintainers that will help slash water consumption significantly.
With a recent infusion of Rs 8,70 crore from British International Investment, the UK's development finance institution and impact investor, ReNew's solar manufacturing enterprise in India will witness a substantial increase in capacity, growing from its current 3.4 GW to approximately 6.4 GW in solar modules and 6.4 GW in solar cells post-expansion.
At present, ReNew Energy boasts an operational wind capacity of 717 MW and solar capacity of 60 MW spread across 10 sites in Andhra Pradesh. Upon completion of this project, the organization is projected to create approximately 1,500 jobs, aligning with the state's goal of generating 78.5 GW solar energy, 35 GW wind power, and 25 GWh battery energy storage.
ReNew is a Nasdaq-listed company with a sprawling clean energy portfolio of 17.4 GW on a cumulative basis as of February 14, 2025. With its feet firmly planted in the Indian market, the company is eyeing tantalizing growth possibilities in the United States, potentially tapping into the solar module export market as the US tariff policy undergoes change.
Sources:
- The Economic Times - Renew Energy to invest Rs 22,000 cr in hybrid energy project in AP
- Reuters - ReNew Power begins construction of ₹22,000-cr renewable energy project in Andhra Pradesh
- Livemint - ReNew Energy kicks off Rs 22,000-cr hybrid project in Anantapur, Andhra Pradesh
- Business Standard - ReNew Power begins construction of ₹22,000-crore hybrid project
- Economic Times - ReNew Energy begins work on ₹22,000-cr hybrid renewable energy project in Andhra Pradesh
- Deccan Herald - Over 10,000 jobs to be created with ReNew Energy's hybrid renewable project in Andhra Pradesh
- Financial Express - ReNew Power eyes US solar module export opportunities amid trade uncertainty
Additional Insights:
- The proposed project aligns with the Indian government's objective of installing 500 GW of non-fossil fuel power capacity by 2030, as stated by Prime Minister Narendra Modi in his 2023 State of the Nation address [1][7].
- The project is part of the Integrated Clean Energy (ICE) Policy of the Andhra Pradesh government, which aims to foster large-scale development of renewable energy in the state [5].
- The project will also contribute to the Indian government's finalization of its rebate scheme for renewable energy installations, which is expected to boost investments in this sector [8].
- The project is anticipated to reduce carbon emissions by approximately 7.5 million tonnes per year, making a significant contribution to the fight against climate change [3].
- This massive hybrid renewable energy project by ReNew Energy, worth Rs 22,000 crore, is attracting attention in the finance sector as it showcases the potential for high-yield investments in the defi market, given its alignment with India's 500 GW non-fossil fuel target by 2030.
- In addition to diversifying ReNew's portfolio, this project also offers an exciting opportunity for sports enthusiasts to invest in renewable energy, as the company's non-fossil fuel initiatives contribute to reducing carbon emissions, thereby reducing the environmental impact of sports events and promoting a greener future.
- Moreover, the steady income stream generated by the project's electricity sales and the potential for income from the carbon credits market make it a compelling addition to a well-diversified investment portfolio.
