ReNew Power to Invest ₹22,000 Cr in Andhra’s Largest Green Project
In a significant move towards a cleaner and more sustainable future, ReNew Power, a leading independent power producer in India, has announced plans to invest ₹22,000 crore in setting up India’s largest hybrid renewable energy park in Anantapur, Andhra Pradesh. The project, which is expected to be commissioned by 2025, will feature a combination of solar, wind, and battery energy storage systems (BESS), making it a benchmark for the renewable energy sector in the country.
The project, which will generate 1.8 GW of solar power, 1 GW of wind power, and 2 GWh of battery energy storage, is a significant step towards achieving India’s ambitious goal of generating 40% of its power from non-fossil fuels by 2030. The park will also create a total of 10,000 jobs during its construction phase, providing a much-needed boost to the local economy.
Andhra Pradesh has been at the forefront of the renewable energy revolution in India, with the state government setting ambitious targets to increase its clean energy generation capacity. The ReNew Power project is a major fillip to the state’s efforts, and it is expected to play a key role in achieving its clean energy goals.
The hybrid renewable energy park will be built on a 3,000-acre site in Anantapur, which is located in the south-eastern part of the state. The project will involve the installation of solar panels, wind turbines, and battery storage systems, which will work together to provide a stable and reliable supply of clean energy to the grid.
One of the key advantages of the hybrid renewable energy park is that it will be able to provide a stable and consistent supply of power to the grid, even when the sun is not shining or the wind is not blowing. This is because the battery energy storage system will be able to store excess energy generated during the day and release it during periods of high demand.
The project is expected to reduce greenhouse gas emissions by approximately 3.5 million tonnes of CO2 per annum, which is equivalent to taking around 700,000 cars off the road. It will also help to reduce India’s dependence on fossil fuels and decrease the impact of climate change.
ReNew Power, which is a subsidiary of the global energy major, Singapore-based CLP Group, has a proven track record of developing and implementing large-scale renewable energy projects in India. The company has already developed and commissioned several solar and wind farms across the country, and has a total installed capacity of over 3,500 MW.
The company’s Managing Director, Sumant Sinha, said that the ReNew Power project is a significant milestone in the company’s growth journey and a testament to its commitment to the development of renewable energy in India. “We are delighted to partner with the Government of Andhra Pradesh to develop India’s largest hybrid renewable energy park,” he said. “This project will not only help to reduce India’s carbon footprint but also create employment opportunities and stimulate local economic growth.”
The ReNew Power project is expected to be a game-changer for the renewable energy sector in India, and it is expected to set a new benchmark for the development of large-scale renewable energy projects in the country. The project is a significant step towards achieving India’s clean energy goals, and it is expected to play a key role in the country’s transition to a low-carbon economy.
In conclusion, the ReNew Power project is a significant step towards a cleaner and more sustainable future for India. The project’s commitment to generating 1.8 GW of solar power, 1 GW of wind power, and 2 GWh of battery energy storage is a major fillip to the country’s clean energy goals, and it is expected to reduce greenhouse gas emissions by approximately 3.5 million tonnes of CO2 per annum. The project’s creation of 10,000 jobs during its construction phase is also a significant boost to the local economy.
As the world continues to grapple with the challenges of climate change, it is essential that countries like India take bold steps towards the development of renewable energy. The ReNew Power project is a shining example of what can be achieved when the private sector and government come together to promote the development of clean energy.
