ReNew to Invest $9.33 Billion in Green Energy Projects in India

• ReNew pledges ₹820 billion in Andhra Pradesh across ingot-wafer, pumped hydro, green ammonia and hybrid renewables.
• The investment supports India’s goal to double non-fossil fuel power capacity to 500 GW.
• Expansion is expected to generate over 10,000 local jobs and boost Andhra Pradesh’s renewable infrastructure.

Indian clean-energy major ReNew Energy Global Plc has announced a commitment to invest approximately ₹820 billion (US$9.33 billion) in its green energy portfolio within the southern Indian state of Andhra Pradesh. The investment will span several key technologies: a 6 GW photovoltaic ingot-wafer manufacturing facility, a 2 GW pumped hydro storage project, a 300,000 tonnes-per-annum green ammonia plant and about 5 GW of hybrid renewable installations combining wind, solar and solar + storage.

This fresh investment complements a prior pledge of around ₹220 billion made in May for a hybrid renewable project in the same state. The move comes as India intensifies efforts to ramp up its non-fossil fuel power capacity to 500 GW part of a broader strategy to decarbonize its energy system.

ReNew already has operations in Andhra Pradesh, including 717 MW of wind and 60 MW of solar capacity. The new expansion is expected to create more than 10,000 jobs locally. Meanwhile, the state government has set ambitious targets of its own: developing 78.5 GW of solar, 35 GW of wind and 25 GWh of battery storage capacity. ReNew’s overall clean‐energy portfolio stands at roughly 18.5 GW, making it one of India’s largest independent power producers.

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Though the company didn’t disclose the exact funding structure for these projects, the scale and diversity of the investment underline the firm’s confidence in the transition from fossil fuels to alternative energy sources. The integrated plan of manufacturing, storage, and production (including green ammonia) highlights a strategic shift toward more value-chain control and deeper engagement in clean-tech infrastructure.

In short, ReNew’s commitment in Andhra Pradesh represents a sizable vote of confidence in India’s green-energy ambitions and a signal that large-scale industrial and storage projects are increasingly central to the country’s energy-transition roadmap.