ReNew Energy to Invest ₹4,200 Crore in 6.5 GW Solar Facility in Andhra Pradesh
ReNew to set up 6.5 GW solar facility in Andhra Pradesh with investment of Rs 4,500 crore
The Economic TimesImage: The Economic Times
ReNew Energy has announced a ₹4,200 crore investment to establish a 6.5 GW solar ingot-wafer manufacturing facility in Anakapalli district, Andhra Pradesh, India. The project is expected to create over 2,100 jobs and is part of a larger ₹82,000 crore commitment to the state, with commissioning anticipated within 24 months.
- 01ReNew Energy is investing ₹4,200 crore in a solar facility in Andhra Pradesh.
- 02The facility will have a capacity of 6.5 GW and create over 2,100 jobs.
- 03This project is part of ReNew's larger ₹82,000 crore investment in the state.
- 04The plant aims to enhance the solar supply chain by producing critical components.
- 05Commissioning of the facility is expected within 24 months.
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ReNew Energy has announced plans to establish a 6.5 GW solar ingot-wafer manufacturing facility in Anakapalli district, Andhra Pradesh, India, with an investment of ₹4,200 crore (approximately $505 million USD). The foundation stone was laid by Chief Minister N Chandrababu Naidu, marking a significant step in the state's clean energy sector. This facility is part of ReNew's broader commitment of ₹82,000 crore to Andhra Pradesh, which includes plans for one of India's largest hybrid renewable energy projects in Anantapur district. The new facility is expected to create over 2,100 direct and indirect jobs and is projected to be commissioned within 24 months. The establishment of this plant will enable ReNew to integrate its solar photovoltaic module and cell manufacturing processes by producing essential upstream components like ingots and wafers, thereby strengthening the clean energy ecosystem in the region.
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The establishment of the solar facility is expected to boost local employment and contribute to economic development in Andhra Pradesh.
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