ReNew has given an in-principle commitment to invest ₹29,500 crore in two clean-energy projects in Andhra Pradesh, including a 2 GW pumped storage facility and a green ammonia and e-fuel plant. The commitment was announced after a meeting between Andhra Pradesh Minister for HRD, IT and Electronics Nara Lokesh and ReNew Chairman and CEO Sumant Sinha at the CII Partnership Summit in Visakhapatnam.
The proposed pumped storage project is estimated to cost ₹12,500 crore, while the green ammonia and e-fuel project is valued at ₹17,000 crore. The announcement places energy storage and fuels alongside renewable power generation in ReNew’s expanding Andhra Pradesh portfolio.
Pumped storage facilities store electricity by using power to pump water to an upper reservoir. The water can then be released through turbines to generate electricity when required. The technology is used to provide storage and balancing capacity for power systems with variable renewable generation, although the announcement did not provide a construction schedule, location or commissioning timeline for the proposed project.
ReNew entered Andhra Pradesh in 2015 with a 24 MW wind farm at Kalyandurg. According to the company’s stated figures, it now operates 717 MW of wind capacity and 60 MW of solar capacity across 10 sites in the state.
The company is also developing other large projects in Andhra Pradesh. These include a ₹22,000 crore hybrid project at Guntakal, comprising 1.8 GW of solar capacity, 1 GW of wind capacity and 2 GWh of battery storage. ReNew has additionally proposed a 1,000 MW green data centre at Makavaripalem in Anakapalli district, with an estimated investment of ₹85,200 crore and an expected 1,880 jobs.
The latest commitment broadens the range of infrastructure associated with ReNew’s presence in the state, from wind and solar generation to pumped storage, green fuels, battery storage and data-centre development. However, the announcement described the ₹29,500 crore investment as an in-principle commitment and did not specify project approval, land, financing, construction or commissioning milestones.
Lokesh said ReNew’s presence in Andhra Pradesh had expanded from a 24 MW wind farm in 2015 to projects involving pumped storage, green ammonia, solar manufacturing and a green data centre. He said the state government would support projects across the clean-energy value chain with speed and support. The next steps and implementation timeline for the two newly announced projects were not stated.
