To develop upto 7000 MW of renewable energy projects
A leading player in India’s renewable energy sector, Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited recently signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to collaborate and explore opportunities in the development of renewable energy projects in the state.
Under this strategic agreement, TPREL and the Government of Andhra Pradesh will jointly explore renewable energy (RE) development opportunities of up to 7,000 MW (7 GW), including Solar, Wind, and Hybrid projects with or without storage solutions.
The estimated investment in these projects stands at approximately upto INR 49,000 crores, making it one of the largest renewable energy investments in the state.
This partnership aligns with the State’s vision to enhance its renewable energy portfolio and accelerate the transition towards a sustainable and green energy future.
Additionally, beyond contributing to Andhra Pradesh’s clean energy targets, this MOU will provide a boost to the local economy, foster skill development and support livelihoods, ultimately contributing to the socio-economic growth of the state.
The proposed capacities would be set up under Andhra Pradesh’s Integrated Clean Energy (ICE) Policy, a landmark clean energy framework that aims for State to develop over 160 GW of renewable energy with an investment potential of Rs. 10 lakh crores.
Speaking on the occasion, Mr. Deepesh Nanda, CEO & Managing Director, TPREL, said, “We are delighted to partner with the Government of Andhra Pradesh in advancing the state’s clean energy journey.
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, Mr Nara Lokesh, said, “We are pleased to welcome Tata Power Renewable Energy Limited in advancing Andhra Pradesh’s renewable energy landscape.
This collaboration marks a deepening of the long-standing relationship between the state and the Tata group.
We expect our landmark clean energy policy to generate investments of Rs. 10 lakh crores and 7.5 lakh jobs for the people of AP.”
The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) will provide requisite support in terms of facilitation, site identification and support in evacuation infrastructure.
