Adia and Masdar-backed ReNew will invest INR 820 bn (USD 9.3 bn) across the southern state of Andhra Pradesh, marking its largest India commitment to date, Business Standard reports. The plan spans the entire renewable-energy value chain — solar ingot and wafer manufacturing; solar and wind plants; green hydrogen and green molecules — as the firm restarts investment in the state after a five-year gap.

Project pipeline: The announcement comes months after Minister for IT in Andhra Pradesh Lokesh Nara broke ground on ReNew’s INR 220 bn (USD 2.5 bn) hybrid energy project in Anantapur, covering a 4.8 GWp solar-wind farm with battery storage. Andhra is emerging as a major node in India’s decarbonization drive as the state courts large-scale clean-energy investors.

IN CONTEXT- ReNew, among India’s largest renewable energy players, operates more than 13 GW of commissioned and under-construction wind, solar, hybrid, and storage projects nationwide. The Nasdaq-listed firm has expanded aggressively into manufacturing, green hydrogen, and long-duration storage — with multi-GW hybrid parks across Rajasthan and Karnataka as well as a green hydrogen pilot with Indian Oil.

ICYMI: ReNew is backed by a consortium that includes Masdar (Abu Dhabi Future Energy Company), the Abu Dhabi Investment Authority (Adia) via its Platinum Hawk subsidiary, and Canada Pension Plan Investments Board. The three high-profile international investors signaled last month plans to take the firm private. In 2023, ReNew was looking into green hydrogen opportunities in Egypt, having signed a framework agreement during the COP27 climate conference the year before.

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