ReNew Energy Global has unveiled plans to invest ₹220 billion (approximately $2.57 billion) in a hybrid renewable energy project in Andhra Pradesh, India. This ambitious initiative aims to generate 2.8 gigawatts (GW) of electricity, comprising 1.8 GW from solar energy and 1 GW from wind energy. The project is designed to supply power during peak demand periods for up to four hours daily.
As India’s second-largest renewable energy provider, following Adani Green, ReNew Energy currently operates projects across ten Indian states and holds a global energy portfolio of 17.4 GW as of February 2025.
This investment supports India’s efforts to meet its clean energy goals after missing targets in 2022. Despite increased investment in recent years, the country must continue to significantly scale up its renewable energy capacity to reach the target of 500 GW from non-fossil sources by 2030, according to the Global Energy Monitor.
ReNew’s commitment is part of a broader trend of significant investments in renewable energy within India. For instance, Tata Power Renewable Energy Ltd is exploring a $5.63 billion investment to establish 7 GW of green energy projects in Andhra Pradesh.
In addition to this project, ReNew Energy recently secured a $100 million investment from British International Investment to boost India’s solar manufacturing ecosystem, further solidifying its role in the country’s renewable energy landscape.
This strategic move by ReNew Energy underscores the company’s dedication to advancing India’s renewable energy infrastructure and contributing to global sustainability efforts.