financetom
Business
financetom
/
Business
/
India's ReNew to invest $9.33 billion in green energy projects in southern state
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India's ReNew to invest $9.33 billion in green energy projects in southern state
Nov 13, 2025 4:58 AM

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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
XPeng Reports Increase in April Deliveries
XPeng Reports Increase in April Deliveries
May 25, 2025
05:19 AM EDT, 05/01/2025 (MT Newswires) -- XPeng ( XPEV ) said Thursday it delivered 35,045 smart electric vehicles in April, up 273% from a year earlier. The company delivered a total of 129,053 smart EVs in the first four months of this year, up 313% year-over-year, XPeng ( XPEV ) added. Shares of the company rose 2.6% in recent...
BRIEF-Quanterix And Akoya Biosciences Announce Amended Merger Agreement
BRIEF-Quanterix And Akoya Biosciences Announce Amended Merger Agreement
May 25, 2025
April 29 (Reuters) - Akoya Biosciences Inc ( AKYA ): * QUANTERIX AND AKOYA BIOSCIENCES ANNOUNCE AMENDED MERGER AGREEMENT * QUANTERIX CORP ( QTRX ) - AKOYA SHAREHOLDERS TO RECEIVE $0.38 CASH AND 0.1461 QUANTERIX SHARES * QUANTERIX CORP ( QTRX ): UNDER AMENDED TERMS, CO WILL ISSUE ABOUT 7.76 MILLION SHARES OF ITS COMMON STOCK AND PAY $20 MILLION...
BRIEF-American Integrity Insurance Group Says IPO Price Expected Between $15.00 And $17.00 Per Share - SEC Filing
BRIEF-American Integrity Insurance Group Says IPO Price Expected Between $15.00 And $17.00 Per Share - SEC Filing
May 25, 2025
April 29 (Reuters) - * AMERICAN INTEGRITY INSURANCE GROUP INC - IPO PRICE EXPECTED BETWEEN $15.00 AND $17.00 PER SHARE - SEC FILING * AMERICAN INTEGRITY INSURANCE GROUP, INC - CO OFFERING 6,250,000 SHARES OF COMMON STOCK * AMERICAN INTEGRITY INSURANCE GROUP INC - ANNOUNCES IPO OF 6,875,000 SHARES - SEC FILING * AMERICAN INTEGRITY INSURANCE GROUP INC - SELLING...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved