ReNew Makes In-Principle Commitment to Invest ₹29,500 Crore in Andhra Pradesh Projects
Key Facts
ReNew has made an in-principle commitment to invest a total of ₹29,500 crore in two proposed new projects in the Indian state of Andhra Pradesh, according to a report published by Business Standard on November 12, 2026. The commitment was announced during a meeting on the sidelines of the CII Partnership Summit in Visakhapatnam on Wednesday, between the company’s chairman, Sumant Sinha, and minister Nara Lokesh. The proposal is split between a pumped-storage project and a green ammonia and e-fuels project. The investment remains an in-principle commitment to two proposed projects at this stage, the report said. The minister said the state would support each project with speed and assistance, signaling backing for the announced proposals.
The proposal includes a 2 GW pumped-storage project, with an investment of 12,500 crore rupees. The project aims to store electricity in a system that relies on pumping water, a technology that enables surplus energy available during periods of low demand to be retained and then supplied to the grid at peak consumption, according to an explanation by India’s Ministry of Power. These facilities also provide long-duration storage and ancillary services that help stabilize the grid. This function is gaining importance as the renewable energy system expands and the need grows to balance supply and demand across different periods. The report did not provide a timeline for implementing the proposed project.
The second proposed project combines green ammonia and e-fuels production, with an investment of 17,000 crore rupees. The announcement therefore pairs an activity linked to electricity storage with a project to produce low-emission fuels, within the two proposals whose total value is 29,500 crore rupees. The report did not specify the project’s production capacity or when implementation would begin. Nor did it attribute to the company a strategic explanation of the rationale for combining storage and green fuels. The announced details remain limited to the project type and proposed investment value.
The new proposal comes amid an expansion of pumped-storage projects in India. As of July 20, 2026, 11 projects of this type were under construction, with total capacity of 15,870 megawatts, according to data from India’s Ministry of Power. The ministry also cited 6 other projects, with total capacity of 8,140 megawatts, that had been approved or assessed but had not begun construction. ReNew’s proposed 2 GW project places the company among a wave of investments aimed at adding long-duration storage to India’s electricity system. The ministry’s figures also show that some projects that have been approved or assessed have yet to move into construction.
ReNew already has an operating presence in Andhra Pradesh, predating the new proposals. The company entered the state in 2015 through a 24-megawatt wind farm in Kalyandurg. It currently operates 717 megawatts of wind power and 60 megawatts of solar power across 10 sites, according to Business Standard. These capacities are operating assets, while the storage and ammonia and e-fuels projects remain proposals. This distinction allows the scale of the new announcement to be considered alongside the company’s existing activity in the state without counting the proposals as capacity already in production.
The company’s local portfolio includes other announced projects, including a hybrid project in Guntakal with an investment of 22,000 crore rupees. It consists of 1.8 GW of solar capacity and 1 GW of wind capacity, as well as battery storage with a capacity of 2 gigawatt-hours. This project differs from the new pumped-storage proposal in its technology, as it relies on batteries to store electricity. It also differs from the proposed green ammonia and e-fuels project, which focuses on fuel production. The range of these projects reflects the scale of the company’s announced activity in the state, with each project remaining tied to its own details and stage.
ReNew announced on November 13, 2025, that it would invest about 60,000 crore rupees in multiple projects in Andhra Pradesh, saying this would take its total newly announced investments in the state to about 82,000 crore rupees. Its plan at the time included a 6 GW photovoltaic module and ingot plant, a 2 GW pumped-hydro storage project, a green ammonia facility with capacity of 300,000 tonnes a year, and 5 GW of hybrid projects. It also announced in May 2025 a hybrid project in Anantapur with an investment of about 22,000 crore rupees and total generation capacity of about 2.8 GW, combining 1.8 GW peak solar and 1 GW wind, with battery storage capacity of 2 gigawatt-hours. The company’s chairman, Sumant Sinha, said at the time that the expansion aimed to build an integrated clean-energy value chain in the state, strengthen local supply chains and create skilled jobs. Andhra Pradesh’s policy targets 50% of its cumulative power capacity to come from non-fossil sources by 2030, while India targets carbon neutrality by 2070.