MoUs worth ₹2.94 lakh crore signed in renewable energy sector in Andhra Pradesh

The Hindu
The Hindu
1M ago
37 views
Andhra Pradesh signed MoUs worth ₹2.94 lakh crore in renewable energy, expected to create over 69,800 jobs. This marks a significant step in the state's green energy transition.
MoUs worth ₹2.94 lakh crore signed in renewable energy sector in Andhra Pradesh
A What happened
On November 13, 2025, the Government of Andhra Pradesh signed MoUs worth ₹2.94 lakh crore aimed at boosting the renewable energy sector. The agreements were made ahead of the CII Partnership Summit and are expected to generate over 69,800 employment opportunities in various districts. The projects encompass a range of renewable sources, including pumped hydro storage, green hydrogen, wind, solar, biofuels, and energy storage. Notable companies involved include Navayuga Engineering Company Ltd. and ReNew Group. Chief Secretary K. Vijayanand emphasized that these initiatives reflect Andhra Pradesh's leadership in green energy and its commitment to accelerating clean energy development through strategic partnerships.
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Key insights

  • 1

    Significant Investment: The MoUs represent a major financial commitment to renewable energy.

  • 2

    Job Creation: The projects are expected to create nearly 70,000 jobs.

  • 3

    Diverse Energy Sources: Projects include wind, solar, and biofuels among others.

Takeaways

The signing of these MoUs positions Andhra Pradesh as a leader in renewable energy, highlighting its strategic focus on sustainable development and job creation.

Topics

Business & Markets Economy Climate & Environment Sustainability Energy

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