Renew Power will unveil a 2.5GW project at Anantapur in Andhra Pradesh on May 16. The project, estimated to cost Rs 22,000 crore will be the largest renewable energy complex at a single location in India. It will include a battery energy storage system (BESS) of 1 GWh in two phases.
The first phase of the project, with an investment of Rs 14,000 crore, will comprise 500 MW each of solar and wind energy, along with a 1 GWh BESS. The second phase will involve an additional Rs 8,000 crore, with 500 MW each of solar and wind energy. The company will also set up a 100-kilometre extra-high voltage (EVH) line for transmission of the clean power.
This will be one of the first major investments in the RE sector since the launch of Andhra Pradesh’s Integrated Clean Energy Policy in October 2024, which fast-tracked approvals and lined up new incentives. Since the policy’s rollout, Andhra Pradesh has attracted investment proposals worth around Rs 4 trillion from both domestic and international players.
According to a Central Electricity Authority Road map, of the 500 Gw generation capacity target from non-fossil fuel resources by 2030, 86 Gw of RE potential is in South India. Of this, around 51 Gw has been identified in Andhra Pradesh — Anantapur (20 Gw), Kurnool (23 Gw), and Kadapa (8 Gw).
“Based on the favourable developments, ReNew is committed to making significantly larger investments in AP and contributing to the decarbonisation efforts by the state as well as the nation,” Sumant Sinha, chairman and chief executive officer of ReNew was quoted by Business Standard.
The investment marks the re-entry of the company to Andhra Pradesh after a five-year lull. In 2019, the Y S Jagan Mohan Reddy government had ordered a review of all electricity tariffs agreements signed with RE companies. ReNew’s 777 MW project was impacted by the PPA renegotiation.
