ReNew's Pumped Storage Project: Andhra's Clean Energy Push

The pumped storage project announced by ReNew is part of a broader Rs 29,500 crore investment commitment aimed at expanding Andhra Pradesh's clean-energy infrastructure and industrial ecosystem.

The company has proposed a 2 GW pumped storage facility worth Rs 12,500 crore and a green ammonia and e-fuel project involving Rs 17,000 crore.

The announcement followed a meeting between Andhra Pradesh IT Minister Nara Lokesh and ReNew Chairman and CEO Sumant Sinha at the CII Partnership Summit in Visakhapatnam.

Lokesh said the state would support projects across the clean-energy value chain with speed and support.

Key Highlights

• ReNew has committed in principle to invest Rs 29,500 crore in two Andhra Pradesh projects.
• The proposed 2 GW pumped storage project carries an investment of Rs 12,500 crore.
• A separate Rs 17,000 crore investment will support green ammonia and e-fuel production.
• ReNew's wider Andhra Pradesh portfolio includes solar manufacturing, hybrid renewable energy and a green data center.

Also Read: Green Energy Corridor Phase 3: Who Funds Rs 1.86 Lakh Cr?

ReNew Expands Its Clean Energy Infrastructure

The new pumped storage project adds an energy storage component to ReNew's expanding renewable energy portfolio in Andhra Pradesh.

ReNew currently operates 717 MW of wind and 60 MW of solar capacity across 10 sites in the state. Its Rs 22,000 crore hybrid renewable energy project at Guntakal combines 1.8 GW of solar capacity, 1 GW of wind capacity and 2 GWh of battery storage.

The proposed storage facility could complement these renewable generation assets by providing another source of grid-scale energy storage.

Solar Manufacturing Adds to ReNew's Industrial Footprint

The company is developing a Rs 4,200 crore ingot and wafer manufacturing facility at Rambilli, with a planned capacity of 6.5 GW. Its foundation stone was laid in August 2026.

Andhra Pradesh has also welcomed ReNew's Rs 11,000 crore polysilicon and metallurgical-grade silicon project.

Minister Nara Lokesh invited the company to partner with the solar cell prototyping center being established by IIT Tirupati and the University of New South Wales.

Green Ammonia and Storage Broaden Investment Pipeline

The Rs 17,000 crore green ammonia and e-fuel project will add green fuel production to ReNew's proposed investments. Together with the pumped storage project, it extends the company's activities beyond renewable electricity generation into storage and industrial energy applications.

ReNew is also developing a proposed 1,000 MW green data center at Makavaripalem in Anakapalli district, involving an investment of Rs 85,200 crore.

The State Investment Promotion Board approved the project in August 2026, and 433.3 acres have been allotted to the company. The latest Rs 29,500 crore commitment strengthens Andhra Pradesh's clean-energy investment pipeline.