ReNew to invest ₹29,500 crore in Andhra Pradesh for pumped storage and green ammonia projects

ReNew has announced an in-principle commitment to invest ₹29,500 crore in two new projects in Andhra Pradesh.

The company announced the investment during a meeting between Andhra Pradesh's HRD, IT & Electronics minister Nara Lokesh and ReNew Chairman & CEO Sumant Sinha at the CII Partnership Summit in Visakhapatnam today. 

"The two projects are 2 GW pumped storage unit worth ₹12,500 crore and a green ammonia and e-fuel project worth ₹17,000 crore. Pumped storage stores power by pumping water to an upper reservoir and releasing it through turbines when demand peaks," a release from the srate government said. 

Solar materials and skills

Lokesh invited the company to partner with the solar cell prototyping centre being set up by IIT Tirupati and the University of New South Wales (UNSW).

Lokesh said trade, technology and trust are the theme of this summit, and ReNew's journey in Andhra Pradesh shows all three.

"From a 24 MW wind farm in 2015 to pumped storage, green ammonia, solar manufacturing and a green data centre, ReNew has grown with us because it trusts our state. Andhra Pradesh is building India's clean-energy future across the value chain, and we will back every project with speed and support," said Nara Lokesh. 

How long is the partnership between ReNew and Andhra Pradesh?

ReNew forayed into  Andhra Pradesh in 2015 with a 24 MW wind farm at Kalyandurg. It now operates 717 MW of wind and 60 MW of solar capacity across 10 sites in the state.

Since then, the company has bet big on the state with multiple projects. Its other projects in Andhra Pradesh are a ₹22,000 crore hybrid project at Guntakal, with 1.8 GW of solar, 1 GW of wind and 2 GWh of battery storage. 

The company is also coming up with a 1,000 MW green data centre at Makavaripalem in Anakapalli district, worth ₹85,200 crore and expected to create 1,880 jobs. "The State Investment Promotion Board (SIPB) approved it on August 12, 2026, and G.O.Ms.No.55 of August 21, 2026 allotted 433.30 acres to ReNew AP Green Data Center Pvt Ltd," the government said. 

The company has also invested ₹4,200 crore in 6.5 GW ingot and wafer plant at Rambilli. The foundation of the unit was laid in August 2026.