ReNew Energy Global announces a 6.5 GW solar ingot-wafer manufacturing facility in Anakapalli, Andhra Pradesh, with an investment of INR 4,200 crore (approximately $500 million), targeting commissioning within 24 months.
ReNew Energy Global has announced the construction of a 6.5 GW solar ingot-wafer manufacturing facility in the Anakapalli district, near Visakhapatnam, in the Indian state of Andhra Pradesh. The company indicates the investment amounts to INR 4,200 crore (approximately $500 million), with commissioning expected within 24 months. The project is expected to create over 2,100 direct and indirect jobs in the state. Against a backdrop of strong sector growth — solar surpassed wind globally in 2025 with 2,778 TWh of output — this announcement signals the acceleration of photovoltaic manufacturing in South Asia.
The new facility will enable ReNew to produce ingots and wafers, upstream components in the photovoltaic manufacturing cycle, supporting its existing cell and module production units. In line with other solar expansions across Asia-Pacific, such as the 125 MWp plant commissioned by Citicore in Pangasinan, India is seeking to strengthen its position across the full value chain. The company cites the forthcoming extension of the ALMM (Approved List of Models and Manufacturers) — India’s regulatory framework for solar equipment certification — to include wafers and ingots from June 2028 as a key enabling factor. This project is part of ReNew’s total investment commitment in Andhra Pradesh estimated at approximately INR 82,000 crore (approximately $9.8 billion), announced at the CII Partnership Summit 2025.
On the industrial capacity front, ReNew indicates it currently operates 6.5 GW of solar module manufacturing capacity. Its cell capacity is expected to reach 6.5 GW by December 2026, with 2.5 GW already operational. During fiscal year 2026, its production units manufactured more than 4.1 GW of modules and approximately 1.86 GW of cells, according to the company. The foundation stone was laid by Andhra Pradesh Chief Minister Chandrababu Naidu.
During fiscal year 2026, ReNew’s manufacturing division received an equity investment of INR 870 crore (approximately $104 million) from British International Investments (BII), the UK government’s development finance institution. This capital injection reflects growing international investor interest in India’s solar manufacturing sector. The company indicates that adding ingot-wafer capacity would enable it to achieve a complete balance across its wafer, cell, and module capabilities. This vertical integration aims to reduce reliance on imported photovoltaic components, according to ReNew.
ReNew also announced the development of a hybrid renewable energy project in the Anantapur district of Andhra Pradesh, with an investment of approximately INR 22,000 crore (approximately $2.6 billion). The complex would feature a generation capacity of approximately 2.8 GW — including 1.8 GWp of solar and 1 GW of wind — along with a 2 GWh battery energy storage system (BESS). ReNew has been present in Andhra Pradesh since 2015, when it commissioned its first 24 MW wind project at Kalyandurg. The group currently operates 717 MW of wind capacity and 60 MW of solar capacity in the state.
TotalEnergies ENEOS and Thai garment manufacturer Jintana Intertrade have signed a 15-year power purchase agreement for a 650 kWp rooftop solar system at a manufacturing plant in N
South African developer Mulilo announces the financial close of a 380 MWdc photovoltaic plant in Beaufort West. Electricity will be sold to industrial clients under a multi-year ag
Nexans Morocco has been awarded cables and power transformation solutions for Noor Atlas, a six-plant photovoltaic program totalling approximately 305 MW in Morocco, led by Masen.

source