Renew Power Signs Agreements for Two Mega Projects in Andhra Pradesh
Renew Power announces major investments in Andhra Pradesh, including a green ammonia project and a pump storage facility.
Visakhapatnam, November 12 (Daily Kiran) : Andhra Pradesh’s Minister of Education, IT, and Electronics, Nara Lokesh, met with Renew Power Chairman and CEO Sumant Sinha in Visakhapatnam to discuss significant investments in the renewable energy sector. During their meeting, Lokesh praised the company’s commitment to expanding its operations in the state.
Following their discussion, Sinha expressed Renew Power’s intention to invest in two additional large-scale projects in Andhra Pradesh. Agreements were signed between Renew Power representatives and state officials in Lokesh’s presence. The company announced a substantial investment of ₹12,500 crore for a new 2 GW pump storage project, alongside another ₹17,000 crore for a green ammonia/e-fuel initiative. This brings the total proposed investment for these projects to ₹29,500 crore.
Minister Lokesh commended Renew Power for its willingness to invest ₹11,000 crore in a new polysilicon and metallurgical-grade silicon project. He urged the company to expedite project timelines and assured them of the state government’s full support for swift implementation.
Additionally, Lokesh requested that Renew Power collaborate with the University of New South Wales (UNSW) to establish a solar cell prototyping center at IIT Tirupati. Sinha highlighted that the company has been active in Andhra Pradesh since 2015, having launched its first 24 MW wind power project in Kalyandurg.
Currently, Renew Power operates wind and solar projects across ten sites in the state, with a total capacity of 717 MW and 60 MW, respectively. Sinha mentioned that they are developing India’s largest hybrid renewable energy project in Guntakal, which involves an investment of ₹22,000 crore, featuring 1.8 GW of solar power, 1 GW of wind power, and 2 GWh of battery storage capacity.
The State Investment Promotion Board (SIPB) has also approved a proposal for a 1,000 MW green data center in the Anakapalli district, which will require an investment of ₹85,200 crore. Furthermore, a foundation was laid in Rambilli for a 6.5 GW ingot-wafer manufacturing plant with an investment of ₹4,200 crore.
Sinha outlined that the upcoming project portfolio in Andhra Pradesh includes a 2 GW pump storage project, a 300 KTPA green ammonia plant, and a 5 GW hybrid renewable energy project.
