All posts tagged: nara lokesh renew power

ReNew Power to set up renewable energy complex in Andhra Pradesh’s Anantapur district

ReNew Power to set up renewable energy complex in Andhra Pradesh’s Anantapur district

ReNew Power is setting up a single-site RE complex at Bethapalle village. (File photo used for representational purpose only) | Photo Credit: Reuters ReNew Power, a Renewable Energy (RE) company, is investing about ₹22,000 crore in what it claims to be the country’s largest single-site RE complex coming up at Bethapalle village in Anantapur district in Andhra Pradesh.  The ground-breaking ceremony for the project is scheduled on May 16. IT & HRD Minister Nara Lokesh will be participating in it, thereby giving a big boost to the State’s RE landscape. ReNew was the largest RE investor in Andhra Pradesh six years ago, that is, in 2019 with an installed capacity of 777 MW but it had suspended its expansion plans owing to the cancellation of Power Purchase Agreements (PPA) by the YSR Congress Party government. The company’s re-entry into Andhra Pradesh now reflects the investor confidence in the National Democratic Alliance (NDA) government, and the above project is the first major one being grounded after the State’s Integrated Clean Energy Policy (ICEP) came into force in …