ReNew Energy Global is set to invest INR220bn (approximately $2.5bn) to establish a hybrid renewable energy project in India.
The project will be located in Anantapur, within the state of Andhra Pradesh. The venture will feature a combined capacity of 2.8GW from wind and solar sources, coupled with a 2 GWh battery energy storage system (BESS), marking it as one of India’s largest renewable energy (RE) complexes at a single location.
The project aims to deliver power for up to four peak hours daily, enhancing energy reliability during non-renewable generating hours. The move aligns with the Make in India initiative, utilising domestically manufactured solar panels from ReNew’s facilities in Jaipur and Dholera. Advanced solar tracking systems and waterless robotic cleaning technologies will be employed to optimise energy generation and conserve water.
The foundation stone for this ambitious project was laid by Andhra Pradesh’s Minister for Information Technology, Electronics & Communications Nara Lokesh. The first phase will include 587MWp of solar and 250MW of wind energy, alongside a 415MWh BESS. Power Purchase Agreements (PPAs) for this phase are already in place, with further development planned in subsequent stages.
Minister Nara Lokesh 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.”
The project is expected to generate approximately 1,500 direct and indirect jobs.
ReNew’s existing portfolio in Andhra Pradesh comprises 717MW of operational wind capacity and 60MW of solar capacity across ten sites.
Listed on Nasdaq, ReNew Energy Global has a global clean energy portfolio of approximately 17.4GW as of February 2025. Recently, ReNew launched a 1.3 GWp solar power project in Jaisalmer, Rajasthan, further expanding its renewable energy footprint.
