Andhra Pradesh’s IT Minister, Nara Lokesh, announced on Thursday that the decarbonisation solutions company ReNew will invest a massive Rs 82,000 crore in the state, covering the entire renewable energy value chain, reports PTI.
The Minister stated that the investment will focus on high-technology areas, including the manufacturing of key solar components, project development, and green hydrogen production.
“In an investment spanning Rs 82,000 crores, ReNew will be investing in the high technology areas of solar ingot, wafer manufacturing, down to project development and onwards to green hydrogen and molecules,” Lokesh said in a social media post.
He expressed his pride in announcing the large-scale investment, noting the company’s return to the state after a five-year absence. “After five years out of Andhra Pradesh, it is my proud privilege to announce that ReNew is placing an all-in investment on the entire renewable energy value chain,” he said.
This major announcement follows a recent groundbreaking ceremony led by Minister Lokesh on May 16 for another ReNew project. That earlier project, worth Rs 22,000 crore and located in Anantapur district, involves building a large hybrid solar and wind farm with a battery storage system.
