Tata Power Renewable Energy Limited (TPREL) has entered a memorandum of understanding (MoU) with the state government of Andhra Pradesh (AP) in India to explore the development of 7GW of renewable energy projects.
The collaboration underscores the state’s plans to expand its renewable energy capacity and aligns with its vision for a sustainable energy future.
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TPREL and AP will jointly explore the development of solar, wind and hybrid projects, with or without storage solutions.
The estimated investment will be Rs490bn ($5.63bn) – among the largest renewable energy investments in the state.
TPREL CEO and managing director Deepesh Nanda stated: “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 up to 7GW 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.”
TPREL will carry out initial assessments, feasibility studies and development activities to assess the viability of the projects.
The New and Renewable Energy Development Corporation of Andhra Pradesh will provide support in facilitation, site identification and evacuation infrastructure.
Andhra Pradesh’s Minister for Information Technology, Electronics and Communications, and Human Resources Development Shri Nara Lokesh stated: “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.
“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 Rs100tn and 750,000 jobs for the people of AP.”
This initiative not only supports Andhra Pradesh’s clean energy targets but also aims to boost the local economy, foster skill development and support livelihoods, contributing to the socio-economic growth of the region.
The projects will be developed under Andhra Pradesh’s integrated clean energy policy – a landmark framework aiming to develop more than 160GW of renewable energy in the state, with an investment potential of Rs100tn.
Tata Power also recently entered a MoU with Druk Green Power in Bhutan for the development of 5GW of clean energy in the country. The development involves 4.5GW of hydropower and 500MW in solar projects.
