In a major boost to Andhra Pradesh’s industrial and energy growth, leading renewable energy giant ReNew is set to make a historic investment of ₹82,000 crore in the state. This comes after a period of corporate uncertainty under the previous administration, during which several domestic and global investors withdrew their projects. With the return of the NDA government and Chief Minister Chandrababu Naidu’s proactive leadership, Andhra Pradesh is once again emerging as a key investment hub. The state’s business-friendly environment and transparent governance are encouraging companies that once exited to make a strong comeback.

Confirming the development, state IT and Industries Minister Nara Lokesh took to social media to share the big news. He revealed that ReNew will be making an all-encompassing investment across the renewable energy value chain in Andhra Pradesh. “After five years out of AP, it is my proud privilege to announce that ReNew is placing an all-in investment on the entire renewable energy value chain in #AndhraPradesh,” Lokesh stated. The investment will span high-technology sectors such as solar ingot and wafer manufacturing, project development, and advanced green hydrogen and molecular production. This move positions Andhra Pradesh as a future-ready destination for sustainable energy solutions.

According to reports, the formal signing of the Memorandum of Understanding (MoU) between ReNew and the Andhra Pradesh government is expected to take place at the upcoming Vizag Summit later this week. The massive ₹82,000 crore investment is anticipated to create thousands of direct and indirect employment opportunities while significantly boosting the state’s renewable infrastructure. With this announcement, Andhra Pradesh is on track to become a leading renewable energy hub in India, setting an example for other states to attract green and high-tech investments.