ReNew to invest $2.5b for hybrid RE projects in India

These will have a combined capacity of 2.8 GW.

ReNew Energy Global Plc has announced a $2.5b (INR 22,000 crore) investment for India’s largest hybrid renewable energy projects in Andhra Pradesh’s Anantapur district.

According to a company statement, the 2.8-gigawatt (GW) projects will be composed of 1.8 gigawatt-peak solar and one gigawatt wind. There will also be a two gigawatt-hour (GWh) battery energy storage system (BESS) that can supply power for up to four peak hours daily.

For the first phase, ReNew will set up 587 megawatt-peak solar and 250 megawatt (MW) wind energy capacity, along with a 415 megawatt-hour BESS. Power purchase agreements have been signed for these.

The rest of the capacity will be developed in subsequent phases.

The Andhra Pradesh project will be made up of 100% Made-in-India solar panels supplied from ReNew’s solar manufacturing units in Jaipur, Rajasthan, and Dholera, Gujarat.

This project is in line with the state’s target of generating 78.5 GW of solar, 35 GW of wind power capacity, and 25 GWh of battery energy storage.

So far, ReNew has a portfolio of 717 MW of operational wind capacity and 60 MW of solar capacity spread over 10 sites in Andhra Pradesh.