Leading renewable energy companies, ReNew Energy Global Plc and Hero Future Energies, have committed to spend around Rs 90,000 crore (A$15.5) in Andhra Pradesh to helping the state become a national hub for green energy projects.
Nasdaq-listed ReNew on Thursday released a statement saying they it has signed four memoranda of understanding (MoUs) with the Andhra Pradesh Economic Development Board.
Under the MoU, the firm will set up a 6 gigawatt (GW) solar ingot-wafer plant, a 2GW pumped hydro project, a 300 kilotonne per annum (KTPA) green ammonia facility, and 5GW of hybrid projects in the state of India’s state of Andhra Pradesh.
Earlier in May 2025, the firm had announced to invest Rs 22,000 crore in Andhra Pradesh to set up a hybrid renewable energy project. The latest Rs 60,000 crore announcement is above the previous announcement.
The firm’s founder and CEO, Sumant Sinha, said that their projects would strengthen domestic supply chains and create high-quality skilled jobs.
HFE Investment:
Apart from Renew, Hero Group’s renewable energy arm, Hero Future Energies (HFE), has also signed an MoU with the Andhra Pradesh government. Under the MoU, the firm would develop renewable energy generation projects with a total capacity of 4GW. This will be done across Ananthapuramu, Kurnool, and Kadapa districts of the state.
HFE plans to set up the renewable energy generation projects in two phases, helping in job creation of over 15,000 people.
HFE’s founder and CMD, Rahul Munjal, said MoU will remain valid for a period of 12 months from the date of signing and the state’ proactive policy environment make it a priority investment destination.
HFE boasts a global portfolio of 7.2 GWp (Gigawatt-peak) of renewable energy assets plus 2.3 GWh of BESS (battery energy storage system) capacity across India, Ukraine, Vietnam, and UK.
While, ReNew has a gross clean energy portfolio of 18.5GW along with 1.1GWh BESS. Also, ReNew has 6.4GW of solar modules and 2.5GW of solar cell manufacturing. The firm has planned to expand the solar cell capacity by 4GW.
Recently, Andhra Pradesh has become a hot favourite for firms that seek to invest in India, especially in the renewable energy projects. In 2024, Andhra Pradesh came out with the Integrated Clean Energy Policy, targeting to mobilise Rs 10 trillion in green energy investments by 2029.
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