ReNew to invest ₹4,200 crore in 6.5GW solar ingot-wafer unit in Andhra Pradesh
Nasdaq-listed ReNew Energy Global Plc on Thursday announced that it will set up a 6.5 gigawatt solar ingot and wafer manufacturing facility in Andhra Pradesh’s Anakapalli district near Visakhapatnam. ₹4,200 crore.
In a statement, the company said the facility will likely be commissioned within 24 months and will create more than 2,100 direct and indirect jobs in the state. Investment is part of ReNew ₹At the CII Partnership Summit 2025, an investment commitment of ₹82,000 crore was made in the state.
The facility will enable the backward integration of ReNew’s solar photovoltaic (PV) module and cell production by producing ingots and wafers, which are critical upstream components in the solar energy supply chain, the statement said.
“Industrial growth and sustainability must go hand in hand as we build the future of Andhra Pradesh. This investment is a testament to this strong partnership and shared vision that further strengthens Andhra Pradesh as a leading destination for clean energy and manufacturing, while also creating significant employment and economic opportunities for our people,” Andhra Pradesh chief minister Nara Chandrababu Naidu said.
Sumant Sinha, founder, chairman and CEO of ReNew, stated that India’s transition to clean energy requires not only scale in production but also strength across the entire value chain.
“This facility is a step in this direction; creating production capacity within the country and advancing our vision of an integrated, self-sufficient clean energy ecosystem,” Sinha said.
Renewable energy move
In March, the Center made it mandatory to use locally produced solar panels and ingots in major renewable energy projects and government-backed schemes from June 2028.
The move expands the scope of the approved list of models and manufacturers (ALMM), which currently applies to modules and cells from June this year, to include components that remain dependent on imports from China.
ReNew currently has a solar module capacity of 6.5GW, and cell production capacity is planned to increase to 6.5GW by December 2026 from the current 2.5GW. With the latest development, ReNew will strengthen its position in the entire solar value chain by achieving fully balanced wafer, cell and module capabilities.
During 2025-26, ReNew’s solar generation facilities produced more than 4.1 GW of modules and almost 1.86 GW of cells. In the same year, solar energy production enterprise, ₹870 crore from British International Investments (BII).
As part of its investment plans in Andhra Pradesh, ReNew is also establishing one of India’s largest hybrid renewable energy projects in Anantapur region with an investment of 200 million TL. ₹22,000 crore. With around 2.8 GW of generation capacity, including 1.8 GW of solar and 1 GW of wind, and 2 GWh of battery energy storage system (BESS), this will be one of the largest renewable energy complexes at a single location in India.
ReNew has been in Andhra Pradesh since 2015 when it commissioned its first 24MW wind project in Kalyandurg. Since then, the company has expanded its wind, solar and hybrid projects in the state. ReNew currently operates 717 MW of wind and 60 MW of solar capacity in Andhra Pradesh.
