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Business
ReNew Power pledges ₹29,500 crore for two clean‑energy projects in Andhra Pradesh
✍️ Business Standard
🗓 12 Nov 2026, 08:55 AM
👁 15
Renewable energy firm ReNew Power has announced an investment of ₹29,500 crore to develop two clean‑energy projects in Andhra Pradesh.
Renewable energy developer ReNew Power said it will allocate ₹29,500 crore to launch two clean‑energy projects in Andhra Pradesh. The firm described the commitment as part of its long‑term plan to expand renewable capacity in southern India.
The investment is expected to boost the state’s renewable‑energy target, helping it move closer to the national goal of a greener power mix. While details of the projects have not been disclosed, they are likely to involve large‑scale solar and wind installations, given the region’s favourable conditions.
Industry analysts note that the scale of the funding could generate significant employment opportunities during construction and operation phases, and reinforce India’s drive toward carbon‑neutral growth.
ReNew Power will now seek the necessary clearances and financing arrangements, with project timelines to be announced in due course.
The investment is expected to boost the state’s renewable‑energy target, helping it move closer to the national goal of a greener power mix. While details of the projects have not been disclosed, they are likely to involve large‑scale solar and wind installations, given the region’s favourable conditions.
Industry analysts note that the scale of the funding could generate significant employment opportunities during construction and operation phases, and reinforce India’s drive toward carbon‑neutral growth.
ReNew Power will now seek the necessary clearances and financing arrangements, with project timelines to be announced in due course.