ReNew to Set Up INR 5,400 Crore Solar Manufacturing Facility in Andhra Pradesh

In a significant stride towards India’s clean energy ambitions and self-reliance goals, Andhra Pradesh is set to host a mega solar manufacturing facility by ReNew , a NASDAQ listed renewable energy company in Anakapalli district near Visakhapatnam on April 23.

This landmark project comes at a crucial time as India accelerates towards its ambitious renewable energy targets, aiming for 500 GW of non-fossil fuel capacity by 2030, while simultaneously reducing import dependence and strengthening domestic manufacturing under the vision of Atmanirbhar Bharat.

At the forefront of this transformation is Andhra Pradesh’s Integrated Clean Energy Policy 2024, a forward-looking framework designed to attract large-scale investments, enable backward integration in manufacturing and position the state as a global clean energy hub. The policy has already begun translating vision into action, with projects like ReNew’s setting new benchmarks in scale and impact.

The upcoming facility, a 6 GW solar ingot and wafer manufacturing unit, represents an investment of approximately INR 5,400 crore and is a key step in building a resilient domestic solar supply chain. By manufacturing critical upstream components such as ingots and wafers, the project will significantly reduce reliance on imports and strengthen India’s energy security. 

The project is also part of ReNew’s broader INR 82,000 crore investment commitment in Andhra Pradesh, announced earlier, underscoring strong investor confidence in the state’s policy ecosystem and governance. 

Once operational, the facility is expected to be commissioned within 24 months and generate over 2,100 direct and indirect jobs, further boosting industrial growth and employment in the region. 

Chief Minister N. Chandrababu Naidu will lay the foundation stone at the project site in the presence of senior leadership from ReNew, including Founder, Chairman and CEO Sumant Sinha, along with public representatives and industry stakeholders. 

This project marks a strategic milestone for both India and Andhra Pradesh, highlighting the alignment between national priorities and effective state-level execution. It contributes significantly to advancing India’s renewable energy targets while strengthening domestic manufacturing capabilities and promoting backward integration within the sector. At the same time, the initiative plays a key role in reducing import dependence across the solar value chain. Beyond its industrial impact, the project is also expected to generate employment opportunities and stimulate regional economic growth, reinforcing its broader developmental significance.

With its progressive policy framework, robust infrastructure and proactive governance, Andhra Pradesh continues to emerge as a preferred destination for global clean energy investments.