ReNew Power, a prominent player in India's renewable energy sector, has announced a monumental investment of ₹22,000 crore to establish the country's largest single-site hybrid renewable energy project in Anantapur district, Andhra Pradesh. The project encompasses a blend of solar, wind, and battery storage systems, marking a significant stride towards sustainable energy solutions.

Project Specifications

The integrated facility is designed to generate a total capacity of 2.8 GW, comprising 1.8 GW of solar power and 1 GW of wind energy. The facility will also include an additional 2 GWh Battery Energy Storage System (BESS). The initial phase involves an investment of ₹7,000 crore to develop 587 MW of solar power, 250 MW of wind power, and 415 MWh of battery storage. This phase is set to provide clean electricity for up to four hours daily, addressing peak demand and enhancing grid stability.

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Revival of Investor Confidence

This investment marks ReNew's return to Andhra Pradesh after a hiatus due to previous policy uncertainties. The state's introduction of the Integrated Clean Energy (ICE) policy in October 2024, offering streamlined approvals and contract assurances, played a pivotal role in restoring investor confidence. The policy aims to attract significant investments and position Andhra Pradesh as a renewable energy hub.

Economic impacts 

Spanning 2,300 acres, the project is expected to generate employment for approximately 10,000 individuals, contributing to the local economy and providing opportunities for youth and farmers in the region. The development aligns with the state's goal of achieving 72 GW of renewable energy capacity by 2029, reinforcing its commitment to sustainable growth.

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Alignment with National Clean Energy Goals 

ReNew's initiative supports India's broader objective of generating 500 GW of electricity from non-fossil fuels by 2030. The integration of solar, wind, and battery storage in a single project exemplifies innovative approaches required to meet the nation's clean energy targets.