Tata Power Renewable Energy Ltd (TPREL), an arm of Tata Power, has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to jointly explore opportunities for the development of up to 7 GW of renewable energy projects, including solar, wind, and hybrid projects with or without storage solutions. The investment in these projects is estimated at around INR 49,000 crore, making it one of the largest renewable energy investments in the state.
The proposed capacities would be set up under Andhra Pradesh’s Integrated Clean Energy (ICE) Policy that targets development of over 160 GW of renewable energy capacity with an investment potential of INR 10 lakh crore in the state.
Deepesh Nanda, CEO & Managing Director, TPREL, said, “By leveraging our expertise and cutting-edge technology, this partnership will drive large-scale renewable adoption, and contribute to India’s sustainability goals. Developing upto 7 GW of clean energy projects will further strengthen Andhra Pradesh’s position as a renewable energy hub and accelerate its transition towards a low-carbon economy.”
Minister for Information Technology, Electronics & Communications, and Human Resources Development of Andhra Pradesh, Nara Lokesh, said, “This collaboration marks a deepening of the long-standing relationship between the state and the Tata group. By fostering investments and innovation, we aim to accelerate clean energy deployment while ensuring long-term economic and environmental benefits for the state. We expect our landmark clean energy policy to generate investments of INR 10 lakh crore and 7.5 lakh jobs for the people of Andhra Pradesh.”
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