Tata Power Company recently informed exchanges that its subsidiary, Tata Power Renewable Energy Limited, has signed an MoU with the Government of Andhra Pradesh to develop renewable energy projects across the state. The Memorandum of Understanding was signed in Amaravati, marking a major step in advancing Andhra Pradesh’s clean energy goals.
Under this agreement, TPREL and the state government will explore renewable energy opportunities of up to 7,000 MW (7 GW), including solar, wind, and hybrid projects with or without storage solutions. The estimated investment for these projects is around ₹49,000 crore, making it one of the largest renewable energy investments in the state. This initiative aligns with Andhra Pradesh’s vision to strengthen its green energy portfolio and contribute to India’s clean energy mission.
This agreement is expected to accelerate the state’s transition to sustainable power while boosting the local economy. It will create employment opportunities, promote skill development, and support livelihoods, furthering socio-economic growth in the region. These projects will be developed under Andhra Pradesh’s Integrated Clean Energy (ICE) Policy, which aims to achieve over 160 GW of renewable energy capacity with a total investment potential of ₹10 lakh crore.
As part of the agreement, TPREL will conduct feasibility studies and preliminary assessments to evaluate project viability. The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) will play a key role in facilitating site identification and supporting the development of evacuation infrastructure.
