ReNew, a leading renewable energy company, has announced an in-principle investment commitment of ₹29,500 crore for two new green energy projects in Andhra Pradesh. The proposed investments will further strengthen the company’s presence in the state and support India’s transition towards clean and sustainable energy. The investment commitment followed a meeting between Andhra Pradesh Minister Nara Lokesh and ReNew Chairman and CEO Sumant Sinha during the CII Partnership Summit held in Visakhapatnam on 12 November 2026.
Investment in Pumped Storage and Green Fuels
The proposed investment includes a 2 GW pumped storage project worth ₹12,500 crore, along with a green ammonia and e-fuel project. The pumped storage facility will strengthen energy storage infrastructure by transferring water between reservoirs and generating electricity through turbines. This technology can help balance electricity supply and demand while supporting the integration of renewable energy sources into the power grid. Meanwhile, the proposed green ammonia and e-fuel project will further expand opportunities in clean fuel production and support the development of India’s emerging green energy ecosystem.
ReNew Strengthens Its Renewable Energy Presence in Andhra Pradesh
ReNew has maintained a presence in Andhra Pradesh since 2015, when it commissioned a 24 MW wind farm at Kalyandurg. In addition to the newly announced investments, the company is developing a ₹22,000 crore hybrid renewable energy project at Guntakal. The project will integrate solar and wind power generation with battery energy storage capacity. As reported by projectstoday.ai, through these investments, ReNew aims to expand its renewable energy portfolio, strengthen energy storage infrastructure and contribute to Andhra Pradesh’s clean energy ambitions.
