Renewable energy company ReNew has made an in-principle commitment to invest ₹29,500 crore in two new projects in Andhra Pradesh, covering pumped-storage development, green ammonia and e-fuels.
Nara Lokesh, Minister for Human Resources Development, IT and Electronics in the Andhra Pradesh government, shared the announcement following a meeting with ReNew Chairman and Chief Executive Officer Sumant Sinha at the CII Partnership Summit in Visakhapatnam.
According to the details shared by Lokesh, the proposed investment comprises ₹12,500 crore for a 2 GW pumped-storage project and ₹17,000 crore for a green ammonia and e-fuel project. Together, the two proposals represent an investment commitment of ₹29,500 crore.
The pumped-storage project will add a large-scale energy storage component to ReNew’s proposed investments in the state. Pumped-storage facilities store electricity by using surplus power to pump water to an upper reservoir. The stored water is subsequently released through turbines to generate electricity when required. Such facilities can provide storage capacity to support electricity supply during periods of higher demand.
The second proposal involves an investment of ₹17,000 crore in green ammonia and e-fuels. The announcement places these fuel-related projects alongside pumped storage in the company’s expanding clean-energy investment plans for Andhra Pradesh. However, the announcement did not specify the proposed production capacity, project location or development schedule for the green ammonia and e-fuel facility.
ReNew’s proposed investments in Andhra Pradesh extend beyond renewable power generation and energy storage to include domestic manufacturing and clean-energy infrastructure. The company is also pursuing a ₹11,000 crore investment in a polysilicon and metallurgical-grade silicon project, which would strengthen its presence in the solar manufacturing value chain.
In addition to its manufacturing plans, ReNew’s engagement with the state’s research and development ecosystem could create opportunities for collaboration in solar technology. The company has been invited to participate in the solar cell prototyping centre being established by IIT Tirupati in collaboration with the University of New South Wales (UNSW).
ReNew’s association with Andhra Pradesh dates back to 2015, when it established a 24 MW wind farm at Kalyandurg. Since then, its investment interests in the state have expanded across renewable energy and emerging clean-energy segments, including pumped storage, green ammonia, solar manufacturing and green data centres.
The proposed ₹29,500 crore investment represents another significant addition to this portfolio. However, the two newly announced projects remain at the in-principle commitment stage. Project locations, implementation schedules, construction timelines and commissioning details have not yet been disclosed.
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