In a significant stride towards India’s clean energy ambitions and self-reliance goals, Andhra Pradesh is set to host the groundbreaking ceremony of a mega solar manufacturing facility by ReNew, a NASDAQ-listed renewable energy company in Anakapalli district near Visakhapatnam on April 23.
This landmark project comes at a crucial time as India accelerates towards its ambitious renewable energy targets – aiming for 500 GW of non-fossil fuel capacity by 2030 – while simultaneously reducing import dependence and strengthening domestic manufacturing under the vision of Atmanirbhar Bharat.
At the forefront of this transformation is Andhra Pradesh’s Integrated Clean Energy Policy 2024, a forward-looking framework designed to attract large-scale investments, enable backward integration in manufacturing, and position the state as a global clean energy hub. The policy has already begun translating vision into action, with projects like ReNew’s setting new benchmarks in scale and impact.
The upcoming facility – a 6 GW solar ingot and wafer manufacturing unit – represents an investment of approximately ₹5,400 crore and is a key step in building a resilient domestic solar supply chain. By manufacturing critical upstream components such as ingots and wafers, the project will significantly reduce reliance on imports and strengthen India’s energy security.
The project is also part of ReNew’s broader ₹82,000 crore investment commitment in Andhra Pradesh, announced earlier, underscoring strong investor confidence in the state’s policy ecosystem and governance.
Once operational, the facility is expected to be commissioned within 24 months and generate over 2,100 direct and indirect jobs, further boosting industrial growth and employment in the region.
Hon’ble Chief Minister Shri N. Chandrababu Naidu will lay the foundation stone at the project site in the presence of senior leadership from ReNew, including Founder, Chairman & CEO Sumant Sinha, along with public representatives and industry stakeholders.
A Strategic Moment for India and Andhra Pradesh. This project exemplifies the convergence of national priorities and state-led execution:
– Advancing India’s renewable energy targets
– Enabling domestic manufacturing and backward integration
– Reducing import dependence in the solar value chain
– Creating jobs and driving regional economic growth
With its progressive policy framework, robust infrastructure, and proactive governance, Andhra Pradesh continues to emerge as a preferred destination for global clean energy investments.
As the state moves from policy to execution, the April 23 groundbreaking marks not just the launch of a project – but the strengthening of India’s journey towards a sustainable, self-reliant energy future.
