ReNew Energy Global plans to invest ₹22,000 crore ($2.57 billion) in a 2.8 GW hybrid solar-wind energy project in Andhra Pradesh to strengthen India’s clean energy capacity. The project includes 1.8 GW solar and 1 GW wind capacity, capable of delivering power during peak hours for up to four hours a day. This move aligns with India’s push to reach its 500 GW non-fossil fuel energy target by 2030.
ReNew Energy Global has announced a major investment of ₹22,000 crore ($2.57 billion) to develop a large-scale hybrid renewable energy project in the eastern Indian state of Andhra Pradesh. The ambitious venture aims to boost India’s renewable energy capacity and contribute toward the country’s climate goals.
The upcoming project will deliver a total capacity of 2.8 gigawatts (GW), comprising 1.8 GW of solar power and 1 GW of wind energy. Designed to cater to high-demand periods, it will be capable of supplying energy for up to four hours per day during peak hours.
As India’s second-largest renewable energy firm, after Adani Green Energy, ReNew Energy has projects in ten Indian states and a global portfolio of 17.4 GW as of February 2024. This new hybrid initiative adds significant momentum to India’s drive for cleaner, more reliable energy.
India has been actively pursuing its goal of 500 GW of non-fossil fuel energy capacity by 2030, but challenges remain. A recent Global Energy Monitor report revealed that the country must double its annual renewable capacity additions to stay on track.
This project not only marks one of the largest renewable investments in the region but also aligns with India’s broader energy strategy aimed at reducing carbon emissions and dependence on fossil fuels.
With this major step, ReNew Energy strengthens its commitment to sustainability and contributes substantially to India’s transition toward a greener future.
