ReNew Energy to Invest ₹4,200 Crore in 6.5GW Solar Ingot-Wafer Facility in Andhra Pradesh

ReNew Energy Global Plc Announces ₹4,200 Crore Investment in Solar Facility in Andhra Pradesh

ReNew Energy Global Plc, a Nasdaq-listed company, has announced plans to set up a 6.5-gigawatt solar ingot and wafer manufacturing facility in Andhra Pradesh's Anakapalli district near Visakhapatnam. The investment of ₹4,200 crore is expected to be commissioned within 24 months, creating over 2,100 direct and indirect jobs in the state.

This move is a part of ReNew's commitment to invest ₹82,000 crore in the state, made at the CII Partnership Summit 2025. The facility will enable backward integration of ReNew's solar photovoltaics (PV) module and cell manufacturing by producing ingots and wafers, critical upstream components in the solar supply chain.

The investment is a testament to the strong partnership between ReNew and the state government, further reinforcing Andhra Pradesh as a leading destination for clean energy and manufacturing. The facility will generate significant employment and economic opportunities for the people of the state.

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India's Clean Energy Transition Requires Strength Across the Value Chain

According to Sumant Sinha, founder, chairman and CEO, ReNew, India's clean energy transition requires not just scale in generation but strength across the entire value chain. This facility is a step in that direction, building manufacturing capabilities within the country and advancing ReNew's vision of an integrated, self-reliant clean energy ecosystem.

Renewable Energy Push

The Centre has mandated the use of locally manufactured solar wafers and ingots in large renewable energy projects and government-backed schemes from June 2028. This move expands the scope of the approved list of models and manufacturers (ALMM) to components that remain reliant on imports from China.

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ReNew currently has a solar module capacity of 6.5GW, and its cell manufacturing capacity is set to expand to 6.5GW by December 2026 from the current 2.5GW. With the latest development, ReNew will achieve fully balanced wafer, cell and module capabilities, strengthening its position across the entire solar value chain.

Recent Developments

During 2025-26, ReNew's solar manufacturing facilities produced more than 4.1GW of modules and almost 1.86GW of cells. The solar manufacturing business received an equity investment of ₹870 crore from British International Investments (BII) during the same year.

As part of its investment plans in Andhra Pradesh, ReNew is also setting up one of India's largest hybrid renewable energy projects in the Anantapur district with an investment of ₹22,000 crore. With a generation capacity of around 2.8GW, including 1.8GW solar and 1GW wind, and a battery energy storage system (BESS) of 2GWh, this will be one of the largest renewable energy complexes at a single location in India.

ReNew has been present in Andhra Pradesh since 2015, when it commissioned its first 24MW wind project at Kalyandurg. Since then, the company has expanded across wind, solar and hybrid projects in the state. ReNew currently operates 717MW of wind and 60MW of solar capacity in Andhra Pradesh.