Andhra Pradesh to Launch ₹5,400 Crore Solar Manufacturing Project
Andhra Pradesh to host Rs 5,400 crore solar manufacturing project groundbreaking
The Economic TimesImage: The Economic Times
On April 23, Andhra Pradesh Chief Minister N Chandrababu Naidu will inaugurate a ₹5,400 crore solar manufacturing facility by ReNew Energy Global plc in Anakapalli district, near Visakhapatnam. This 6 GW solar ingot and wafer unit aims to enhance India's clean energy manufacturing capabilities and create over 2,100 jobs.
- 01Foundation stone for a ₹5,400 crore solar manufacturing facility will be laid on April 23.
- 02The project aims to produce 6 GW of solar ingots and wafers, supporting India's renewable energy targets.
- 03It is part of Andhra Pradesh's Integrated Clean Energy Policy 2024 to attract large-scale investments.
- 04The facility is expected to generate over 2,100 direct and indirect jobs.
- 05This initiative aligns with India's goal of achieving 500 GW of non-fossil fuel capacity by 2030.
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Andhra Pradesh Chief Minister N Chandrababu Naidu will lay the foundation stone for a ₹5,400 crore solar manufacturing facility by ReNew Energy Global plc on April 23 in Anakapalli district near Visakhapatnam. This facility will focus on producing 6 gigawatts (GW) of solar ingots and wafers, contributing to India's ambitious target of 500 GW of non-fossil fuel capacity by 2030. The project is part of the state's Integrated Clean Energy Policy 2024, which aims to bolster domestic clean energy manufacturing and reduce import dependence. ReNew Energy has already committed around ₹82,000 crore in investments in Andhra Pradesh, reflecting a growing interest in the region's clean energy sector. Once operational, the facility is expected to create over 2,100 direct and indirect jobs, further enhancing industrial growth in the area. The groundbreaking ceremony will be attended by senior executives from ReNew, including founder and CEO Sumant Sinha, marking a significant step in India's transition to renewable energy and self-reliance.
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The solar manufacturing facility will enhance local employment opportunities and contribute to the region's industrial growth, aligning with India's renewable energy goals.
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