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India – ReNew in new Andhra Pradesh spend
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ReNew Energy plans to invest US$6.7 billion in new green projects in Andhra Pradesh, building on a previous commitment of US$2.5 billion. The projects include a 6GW PV ingot-wafer plant, a 2GW pumped hydro project, and a green ammonia scheme. Recently, ReNew secured a US$331 million loan from the Asia Development Bank for a solar-wind-BESS project, part of a US$477 million financing plan. The project aims to provide 300MW peak power and includes a 837MWp facility and a 415MWh battery storage system.
Source: Reuters The copyright of this article belongs to the original author/organization.
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