ReNew commits ₹29,500 crore for two Andhra Pradesh clean-energy projects
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓ReNew committed ₹29,500 crore for two new clean-energy projects in Andhra Pradesh.
- ✓The plan includes a 2 GW pumped storage project and a green ammonia facility.
- ✓This commitment was made on Wednesday at the CII Partnership Summit.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Standard
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
ReNew entered Andhra Pradesh in 2015 with a 24 MW wind farm at Kalyandurg | Image: X@naralokesh
ReNew has given an in-principle commitment to invest ₹29,500 crore in two new projects in Andhra Pradesh.
The proposed investments include a 2 gigawatt (GW) pumped storage project worth ₹12,500 crore and a green ammonia and e-fuel project involving an investment of ₹17,000 crore.
Pumped storage projects store electricity by pumping water to an upper reservoir and releasing it through turbines when demand is high.
The commitment was made at a meeting between Andhra Pradesh minister Nara Lokesh and ReNew Chairman and Chief Executive Officer Sumant Sinha at the CII Partnership Summit in Visakhapatnam on Wednesday.
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