Item 1 of 2 A man rides a motorcycle along the solar panels in Gujarat, India September 12, 2024. REUTERS\/Amit Dave<\/p>\n
[1\/2]<\/b>A man rides a motorcycle along the solar panels in Gujarat, India September 12, 2024. REUTERS\/Amit Dave Purchase Licensing Rights, opens new tab<\/a>NEW DELHI, Nov 13 (Reuters) – India’s ReNew Energy Global Plc (RNW.O), opens new tab<\/a> said on Thursday it will invest about 820 billion rupees ($9.33 billion) in the southern state of Andhra Pradesh to expand its clean energy portfolio.<\/p>\n The company is signing agreements with the state government for projects spanning solar manufacturing, pumped hydro, battery storage and green ammonia.<\/p>\n Sign up here.<\/a><\/p>\n ReNew will set up a 6 gigawatt (GW) photovoltaic ingot-wafer plant, a 2 GW pumped hydro project, a 300,000 tonnes-per-annum green ammonia facility and 5 GW of hybrid renewable projects in the state, including wind-solar and solar-plus-storage.<\/p>\n The investment comes as India pushes to double its non-fossil fuel power generation capacity to 500 GW.<\/p>\n The latest investment commitment includes 600 billion rupees in new investments and adds to the 220 billion rupees pledged in May for a hybrid renewable energy project, ReNew said in a statement.<\/p>\n ReNew did not say how it will fund these projects.<\/p>\n The company, which already operates 717 megawatts of wind and 60 MW of solar capacity in Andhra Pradesh, said the expansion would create more than 10,000 jobs.<\/p>\n Andhra Pradesh aims to develop 78.5 GW of solar, 35 GW of wind and 25 gigawatt-hours of battery storage capacity in the state.<\/p>\n ReNew has a clean energy portfolio of about 18.5 GW and is among India’s largest independent power producers.<\/p>\n ($1 = 87.8950 Indian rupees)<\/p>\n Reporting by Sethuraman NR; Editing by Eileen Soreng<\/p>\n Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n