ReNew Unveils ₹820 Billion Investment to Accelerate India’s Clean Energy Expansion

India’s ReNew Energy Global Plc has unveiled a massive ₹820 billion ($9.33 billion) investment plan to accelerate clean energy development in Andhra Pradesh. The company signed multiple agreements with the state government to expand its renewable energy manufacturing and project capacity across key technologies. As part of the plan, ReNew will establish a 6 GW photovoltaic ingot-wafer manufacturing plant, a 2 GW pumped hydro storage project, a 300,000-tonne-per-year green ammonia facility, and 5 GW of hybrid renewable energy projects. These will include a mix of wind-solar installations and solar-plus-storage systems designed to support grid stability. This investment aligns with India’s national goal of doubling non-fossil fuel power capacity to 500 GW. Of the total commitment, ₹600 billion represents fresh investments, adding to the ₹220 billion ReNew pledged earlier in May for a hybrid energy project. The company has not yet disclosed how it plans to finance these expanded initiatives. ReNew already operates 717 MW of wind and 60 MW of solar assets in Andhra Pradesh. The new developments are expected to generate more than 10,000 jobs, supporting the state’s ambition to build 78.5 GW of solar, 35 GW of wind, and 25 GWh of battery storage capacity.