ReNew to invest ₹80,000 crore in Andhra Pradesh across data centre, solar and magnet manufacturing
CNBC-TV18 8 hrs ago·12 Nov 2026, 11:29 am
ReNew Energy Global has announced a massive investment of approximately ₹80,000 crore in Andhra Pradesh. The plan is anchored by a ₹67,000 crore, 1 GW green hyperscale data centre in Anakapalli. The package also includes ₹11,000 crore for silicon manufacturing, ₹1,500 crore for a permanent magnet facility, and a technical excellence centre in Visakhapatnam under the PM SETU Scheme.
This move signals a strong vote of confidence in India's domestic manufacturing and infrastructure capabilities. For investors, it highlights the growing convergence between clean energy and digital infrastructure. The project is expected to create significant employment and boost local industrial growth in the region.
Investors should monitor the project's execution timeline and regulatory approvals. The success of these facilities will depend on steady power supply and supply chain integration. Keeping an eye on the company's progress reports will be key to understanding the long-term impact on its business prospects.
Excerpt from CNBC-TV18
Published On Nov 12, 2026 | 16:59 IST Last Updated On Nov 12, 2026 | 16:59 IST ReNew Energy is committing a massive capital outlay in Andhra Pradesh, spearheaded by a multi-gigawatt green data centre and extensive clean energy manufacturing hubs for solar components and permanent magnets. Find out how the company…Read the original at CNBC-TV18
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