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Tata Power Renewable Energy Limited (TPREL) has formalised an MoU with the Andhra Pradesh government to develop up to 7GW of renewable energy projects, including solar, wind, and hybrid systems. This initiative, valued at approximately INR 49,000 crore, is set to be one of the state's largest renewable energy investments. The projects will span the districts of Kadapa, Kurnool, Anantapur, and Prakasam, and are expected to generate around 33,000 jobs. This collaboration aligns with Andhra Pradesh's Integrated Clean Energy Policy, aiming to establish over 160GW of renewable energy, thereby advancing the state's sustainable energy goals.
Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power, has entered into a memorandum of understanding (MoU) with the Andhra Pradesh government to explore the development of up to 7 gigawatts (GW) of renewable energy projects, including solar, wind, and hybrid systems, with or without storage solutions. This initiative represents a potential investment of approximately INR 49,000 crore, positioning it as one of the state's largest renewable energy commitments. Advertisement
The proposed projects include 4,200 megawatts (MW) of solar energy and 2,800MW of wind energy across the districts of Kadapa, Kurnool, Anantapur, and Prakasam. Additionally, TPREL intends to invest in rooftop solar installations and electric vehicle (EV) charging stations throughout the state. The Andhra Pradesh government has pledged to collaborate closely with TPREL to expedite land allocation, requiring approximately 41,000 acres, and to establish the necessary infrastructure for power evacuation and connectivity.
The economic impact of these projects is substantial, with an anticipated revenue of INR 3,000 crore in State Goods and Services Tax (SGST) from Engineering, Procurement, and Construction (EPC) activities. The initiative is also expected to generate approximately 33,000 jobs across construction, EPC phases, and related upstream industries in the renewable energy equipment sector.
As part of the agreement, TPREL will conduct preliminary assessments, feasibility studies, and development activities to determine the viability of these projects. The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) will provide facilitation support, site identification, and assistance in evacuation infrastructure.
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