Tata Signs MOU for 7 GW Renewable Power in Southern India

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Researched by Industrial Info Resources (Sugar Land, Texas)--Tata Power Renewable Energy Ltd, a subsidiary of Tata Power (Mumbai, India), has signed a memorandum of understanding (MOU) with the New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) to develop 7 gigawatts (GW) of renewable energy projects in the state. It represents an estimated investment of INR 49,000 crore (US$5.6 billion) and will include solar, wind and hybrid energy solutions.

The projects would be developed under the Andhra Pradesh Integrated Clean Energy (ICE) Policy, aiming to enhance the state's renewable energy capacity and accelerate India's transition to sustainable power. NREDCAP would facilitate site identification, securing necessary approvals and supporting infrastructure development for the projects.

Industrial Info is tracking 203 capital renewable energy projects in Andhra Pradesh, worth US$77.26 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Database can click here for the list of project reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).