Vijayawada: In a landmark moment for the renewable energy sector, ReNew is set to re-enter Andhra Pradesh with a Rs.22,000 crore investment. It aims to develop the country’s largest single-site renewable energy complex in Anantapur. The decision was made in the context of a meeting between education minister Nara Lokesh and chairman & CEO of ReNew, Sumant Sinha, during the World Economic Forum at Davos.
Lokesh would perform the groundbreaking ceremony for the project at Bethapalli in Anantapur district on May 16. The minister said, “This project is a testament to Andhra Pradesh’s resurgence as a national leader in clean energy. We are building not just capacity, but credibility and global investor confidence. ReNew was the largest renewable energy investor in Andhra Pradesh prior to 2019, with a 777 MW installed capacity. However, the company suspended further development due to PPA cancellations by the previous administration. Its return signifies a strong vote of confidence in the policy stability and proactive leadership of chief minister Nara Chandrababu Naidu
Lokesh said, “This is the first major project under the Integrated Clean Energy (ICE) Policy, introduced by the AP government in October 2024, offering structured incentives and fast-track approvals for clean energy investments.” Lokesh said this project aligned with AP’s ambitious target of achieving 72gw renewable energy capacity by 2029, as announced during RE Invest 2024. The past eight months, Lokesh said, have seen a wave of clean energy investments from major players. Tata Power with 7,000mw capacity is investing Rs.49,000 crore, Vedanta’s Serentica with 10,000mw would invest Rs.50,000 crore, Brookfield with 8,000mw would invest Rs.50,000 crore, SAEL Industries with 1,200mw would invest Rs.6,000 crore and NTPC (Green Hydrogen would invest Rs.1.86 lakh crore.
He stated that AP is emerging as India’s most investor-friendly clean energy hub. The Anantapur renewable energy complex would not only add vital capacity to the grid but also showcase AP’s commitment to sustainable development, economic growth, and innovation-driven governance. Project overview: • Location: Anantapur, AP • Venue: Bethapalle village, Guntakal constituency • Total Investment: Rs.22,000 crore • Phase 1: 587mw solar, 250mw wind, 415mWh Battery Energy Storage System (BESS) Rs.7,000 crore • Combined cumulative capacity in all phases: 1800mWp solar, 1gw wind, 2000mWh BESS | Total investment of Rs.22,000 crore
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