NEW DELHI, Nov 13 (Reuters) - India's ReNew Energy
Global Plc ( RNW ) said on Thursday it will invest about 820
billion rupees ($9.33 billion) in the southern state of Andhra
Pradesh to expand its clean energy portfolio.
The company is signing agreements with the state government
for projects spanning solar manufacturing, pumped hydro, battery
storage and green ammonia.
ReNew will set up a 6 gigawatt (GW) photovoltaic ingot-wafer
plant, a 2 GW pumped hydro project, a 300,000 tonnes-per-annum
green ammonia facility and 5 GW of hybrid renewable projects in
the state, including wind-solar and solar-plus-storage.
The investment comes as India pushes to double its
non-fossil fuel power generation capacity to 500 GW.
The latest investment commitment includes 600 billion rupees
in new investments and adds to the 220 billion rupees pledged in
May for a hybrid renewable energy project, ReNew said in a
statement.
ReNew did not say how it will fund these projects.
The company, which already operates 717 megawatts of wind
and 60 MW of solar capacity in Andhra Pradesh, said the
expansion would create more than 10,000 jobs.
Andhra Pradesh aims to develop 78.5 GW of solar, 35 GW of
wind and 25 gigawatt-hours of battery storage capacity in the
state.
ReNew has a clean energy portfolio of about 18.5 GW and is
among India's largest independent power producers.
($1 = 87.8950 Indian rupees)