Andhra Pradesh: ₹22,000 Crore Huge Investment in Green Energy Complex Coming Up in Anantapur
🌿 Massive Renewable Energy Boost in Andhra Pradesh
Under the leadership of Chief Minister N. Chandrababu Naidu, the newly reinstated government in Andhra Pradesh is accelerating its clean energy ambitions.
- Leveraging the Integrated Clean Energy (ICE) Policy, the state is attracting major investments in the renewable energy sector.
- As part of this momentum, ReNew Power is setting up one of India’s largest integrated renewable energy complexes in Bethapalli, Guntakal constituency of Anantapur district, at an estimated cost of ₹22,000 crore.
🏗️ Foundation Stone to Be Laid on May 16
The mega green project will be officially launched on May 16, with Andhra Pradesh’s Minister for Education, IT, and Electronics Nara Lokesh laying the foundation stone.
- This complex is poised to become the largest renewable energy facility in India, significantly enhancing the state’s clean power capacity.
🤝 Strategic Talks in Davos Yield Fruitful Investment
The investment commitment is the result of successful discussions between Minister Lokesh and ReNew Chairman Sumanth Sinha at the World Economic Forum (WEF) in Davos.
- ReNew Power, once a major investor in AP with 777 MW capacity, had withdrawn due to policy instability during the previous regime.
- After a six-year gap, the company is returning to the state with renewed confidence.
⚡ Initial Phase Investment Details
In the first phase, ReNew Power will invest ₹7,000 crore in the following segments:
| Unit Type | Capacity (MW) | Investment |
|---|---|---|
| Solar | 587 | ₹7,000 Cr (Total Phase 1) |
| Wind | 250 | |
| Battery Storage | 415 |
📈 Overall Project Capacity & Impact
Upon completion, the integrated project will include:
- Solar: 1,800 MW
- Wind: 1 GW
- Battery Storage: 2,000 MW
- Total Investment: ₹22,000 crore
This will not only be a landmark facility in India but will also significantly bolster Andhra Pradesh’s grid and storage capacities.
🏭 Clean Energy Investment Wave Begins
The state government’s industry-friendly policies and proactive approach are attracting massive interest in clean energy.
- In October last year, the ICE Policy was introduced to promote green investments.
- Minister Lokesh’s detailed presentations during Davos meetings helped win investor confidence, with promises of fast-track clearances and lucrative incentives.
🌐 Multiple Green Mega Projects in the Pipeline
Several major players have already committed to invest in the state’s clean energy landscape:
| Company | Capacity | Investment |
|---|---|---|
| Tata Power | 7,000 MW | ₹49,000 Cr |
| Serentica (Vedanta) | 10,000 MW | ₹50,000 Cr |
| Brookfield | 8,000 MW | ₹50,000 Cr |
| SAEL Industries | 1,200 MW | ₹6,000 Cr |
| Reliance – CBG Plants | 500 plants | ₹65,000 Cr |
| NTPC – Green Hydrogen | — | ₹1.86 lakh Cr |
🌱 Andhra Pradesh – Emerging Green Investment Hub
With a target of 72 GW renewable energy in the next five years, Minister Lokesh is actively engaging with industry giants to bring large-scale clean energy investments to the state.
- Transparent governance, swift approvals, and investor confidence are positioning Andhra Pradesh as India’s next green energy hub.