With an estimated investment of ₹49,000 crore, the partnership aims to boost Andhra Pradesh’s clean energy capacity, create jobs, and accelerate the state’s transition to a sustainable future.
Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to explore renewable energy opportunities.
The agreement focuses on the development of up to 7,000 MW (7 GW) of renewable energy projects, including solar, wind, and hybrid projects, with or without storage solutions. The estimated investment for these projects is approximately INR 49,000 crores.
The MoU was signed in Amaravati, Andhra Pradesh, and the projects will be developed across the state under the Integrated Clean Energy (ICE) Policy.
The MoU was recently signed, marking a significant step towards Andhra Pradesh’s clean energy transition. The project timelines will be determined after feasibility studies and assessments.
The partnership aims to boost Andhra Pradesh’s renewable energy capacity, attract large-scale investments, and accelerate the transition to clean energy. It is also expected to contribute to economic growth, job creation, and skill development in the state.
TPREL will conduct feasibility studies, preliminary assessments, and development activities to evaluate project viability. The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) will support the initiative by facilitating site identification and evacuation infrastructure.
Deepesh Nanda, CEO & MD of TPREL, stated that the collaboration will strengthen Andhra Pradesh’s position as a renewable energy hub and contribute to India’s sustainability goals.
Shri Nara Lokesh, Andhra Pradesh’s IT & Energy Minister, highlighted that the state’s clean energy policy aims to generate investments of Rs. 10 lakh crores and create 7.5 lakh jobs.
This collaboration marks a major milestone in India’s clean energy journey, reinforcing Andhra Pradesh’s commitment to a low-carbon future.