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ReNew Energy to Set Up $2.57 billion Hybrid RE Project in India

ReNew Energy Global said it will invest 220 billion rupees ($2.57 billion) to set up a hybrid renewable energy project in the eastern Indian state of Andhra Pradesh, as it looks to cash in on the country's booming clean energy needs.

 

The company said the project will add 2.8 gigawatts (GW) total energy - 1.8 GW solar and 1 GW wind - and will be able to supply power for up to four hours a day in peak hours.

 

ReNew Energy, the biggest renewable energy firm in India after Adani Green, has projects across ten Indian states, with a total global portfolio of 17.4 GW as of February 14.

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