Tata Power arm to invest Rs 49,000 crore in RE projects of Andhra Pradesh

by Psu Connect
Date: 08-03-25

This venture will attract investments worth Rs 49,000 crore, making it one of the largest renewable energy investments in the state.

To investigate prospects for developing up to 7 gigawatts (GW) of renewable energy, including solar, wind, and hybrid projects with or without storage solutions, Andhra Pradesh has inked an agreement with Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power.

This venture will attract investments worth Rs 49,000 crore, making it one of the largest renewable energy investments in the state. The company signed a memorandum of understanding (MoU) with the government of Andhra Pradesh on Friday in Amaravati, marking a significant step toward advancing the state’s renewable energy ambitions.

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The proposed capacities will be established under Andhra Pradesh’s Integrated Clean Energy (ICE) Policy, a significant clean energy initiative that aims for the state to develop over 160 GW of renewable energy, with an investment potential of Rs 10 lakh crore.

These projects will not only help Andhra Pradesh achieve its clean energy goals but will also boost the local economy, promote skill development, and support livelihoods, ultimately contributing to the socioeconomic growth of the state.

As part of the agreement, TPREL will carry out preliminary assessments, feasibility studies, and development activities to determine the viability of these projects.

The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) will provide essential support in terms of facilitation, site identification, and assistance with evacuation infrastructure.

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