ReNew's $2.5 Billion Bet on India's Hybrid Future

ReNew Energy Global Plc (ReNew) has announced a major investment of ₹22,000 crore (approximately $2.5 billion) to develop one of India’s largest hybrid renewable energy projects in the Anantapur district of Andhra Pradesh.

The project will have a total generation capacity of approximately 2.8 GW, consisting of 1.8 GWp of solar power and 1 GW of wind power, integrated with a 2 GWh battery energy storage system (BESS). Once completed, it will be among the largest renewable energy installations located at a single site in India.

The foundation stone for this ambitious project was laid by Nara Lokesh, Andhra Pradesh’s Minister for Information Technology, Electronics & Communications, Real-Time Governance, and Human Resources Development.

In its initial phase, ReNew will install 587 MWp of solar and 250 MW of wind capacity, supported by a 415 MWh BESS. Power purchase agreements (PPAs) for this phase have already been secured. The remaining capacity will be developed in subsequent phases, according to the company.

News by Rahul Yelligetti.