Decarbonization solutions company ReNew will invest approximately ₹600 billion (~$6.76 billion) to set up multiple green energy projects in Andhra Pradesh.

This adds to the committed investment of roughly ₹220 billion (~$2.48 million) announced in May this year.

ReNew will use the new investment to establish a 6 GW solar ingot-wafer manufacturing plant, a 2 GW pumped hydro project, a 3,000 kilotons per annum green ammonia facility, and 5 GW of hybrid renewable energy projects, comprising wind, solar, and solar-battery energy storage systems (BESS).

The approximately ₹220 billion (~$2.48 million) commitment made previously will be utilized to set up a hybrid renewable energy project, with a generation capacity of roughly 2.8 GW, including 1.8 GW of solar, 1 GW of wind, and 2 GWh of BESS capacity.

ReNew said it already has an operating portfolio of 717 MW of wind and 60 MW of solar capacity spread across 10 sites in Andhra Pradesh.

As of November 10, 2025, the company’s total renewable energy portfolio stands at approximately 18.5 GW and 1.1 GWh of BESS. It also has a solar module manufacturing capacity of 6.4 GW and a solar cell production capacity of 2.5 GW.

ReNew stated that it is expanding its solar cell manufacturing capacity by 4 GW.

Recently, ReNew secured $331 million in debt funding from the Asian Development Bank to support the development of a large-scale clean energy project in Andhra Pradesh. This project will integrate 837 MW of wind and solar capacity with a 415 MWh BESS. It aims to deliver 300 MW of peak power as well as a dependable baseload supply.

In October, ReNew received a best and final non-binding proposal from the consortium led by Abu Dhabi Future Energy, Canada Pension Plan Investment Board, Platinum Hawk, and Sumant Sinha, Founder-CEO at ReNew, to acquire the company’s entire issued and to-be issued share capital for a cash consideration of $8.15 per share.