Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company Limited and a leader in India's renewable energy sector, has entered into a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh. This agreement aims to explore and develop up to 7,000 MW (7 GW) of renewable energy projects, including solar, wind, and hybrid solutions, with or without storage capabilities.
A Major Leap in Renewable Energy Development
The MoU signing took place in Amaravati, Andhra Pradesh, marking a significant step in the state's renewable energy ambitions. The collaboration is expected to bring in an investment of approximately ₹49,000 crore, making it one of the largest renewable energy investments in the region. This initiative aligns with the Andhra Pradesh government’s commitment to expanding its renewable energy portfolio and accelerating the transition towards sustainable and green energy.
Beyond contributing to Andhra Pradesh’s clean energy targets, this project is expected to boost the local economy, create job opportunities, and enhance skill development. By doing so, it will contribute to the socio-economic growth of the state.
Aligning with Andhra Pradesh’s Clean Energy Goals
The proposed projects will be developed under Andhra Pradesh’s Integrated Clean Energy (ICE) Policy, a landmark framework that aims to achieve over 160 GW of renewable energy capacity with an estimated investment potential of ₹10 lakh crore.
Key Statements from Industry Leaders
Mr. Deepesh Nanda, CEO & Managing Director, TPREL, expressed enthusiasm about the partnership:
“We are delighted to collaborate with the Andhra Pradesh government to advance the state’s clean energy journey. With our expertise and cutting-edge technology, we will develop large-scale renewable projects that align with India’s sustainability goals. This 7 GW initiative will further strengthen Andhra Pradesh’s position as a renewable energy hub and accelerate its transition to a low-carbon economy.”
Hon’ble Minister for Information Technology, Electronics & Communications, and Human Resources Development of Andhra Pradesh, Shri Nara Lokesh, highlighted the importance of the collaboration:
“We welcome Tata Power Renewable Energy Limited in advancing Andhra Pradesh’s renewable energy landscape. This partnership deepens the long-standing relationship between Andhra Pradesh and the Tata Group. Through innovation and investment, we aim to accelerate clean energy deployment, ensuring long-term economic and environmental benefits. Our ICE policy aims to generate investments of ₹10 lakh crore and create 7.5 lakh jobs for the people of Andhra Pradesh.”
Next Steps in Project Implementation
As part of the agreement, TPREL will conduct preliminary assessments, feasibility studies, and development activities to ensure the viability of these projects. The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) will provide support in areas like facilitation, site identification, and evacuation infrastructure.
This initiative is expected to significantly enhance Andhra Pradesh’s renewable energy capacity while reinforcing Tata Power’s commitment to India’s clean energy mission.
The TPREL-Andhra Pradesh partnership represents a significant milestone in India's renewable energy sector. The investment and large-scale project development will not only accelerate the state's green energy transition but also contribute to national sustainability goals. With Tata Power's expertise and Andhra Pradesh’s policy support, this initiative is poised to transform the state into a major renewable energy hub.
Disclaimer
This article is for informational purposes only and does not constitute financial, business, or investment advice. The details provided are based on official announcements and publicly available information. Readers are advised to conduct their own research before making any decisions related to renewable energy investments
