ReNew Power to set up renewable energy complex in Andhra Pradesh's Anantapur district
The ground-breaking ceremony for the project is scheduled on May 16. IT & HRD Minister Nara Lokesh will be participating in it, thereby giving a big boost to the State's RE landscape.
ReNew was the largest RE investor in Andhra Pradesh six years ago, that is, in 2019 with an installed capacity of 777 MW but it had suspended its expansion plans owing to the cancellation of Power Purchase Agreements (PPA) by the YSR Congress Party government.
The company's re-entry into Andhra Pradesh now reflects the investor confidence in the National Democratic Alliance (NDA) government, and the above project is the first major one being grounded after the State's Integrated Clean Energy Policy (ICEP) came into force in October 2024.
The breakthrough came after Mr. Lokesh's meeting with ReNew chairman Sumant Sinha on the sidelines of the World Economic Forum held at Davos (Switzerland). The project at Bethapalle, which is situated in Guntakal Assembly constituency, would have 587 MW solar and 250 MW wind capacities in addition to a 415 MWh Battery Energy Storage System (BESS) in Phase-I, whose total cost is pegged at ₹7,000 crore.
The cumulative capacity in all phases would be 1,800 MW peak of solar, 1 GW wind and 2,000 MWh BESS with an aggregate investment of ₹22,000 crore. The project aligns with Andhra Pradesh's ambitious target of 72 GW renewable energy capacity by 2029 as announced at RE Invest 2024.
It was stated that in the last eight months, there were major clean energy investments by Tata Power — ₹49,000 crore (7,000 MW), NTPC — ₹1.86 lakh crore (green hydrogen project), Vedanta's Serentica — ₹50,000 crore (10,000 MW), Brookfield — ₹50,000 crore (8,000 MW), and SAEL — ₹6,000 crore (1,200 MW).
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