Autobayng News Team
Waaree is investing ₹8,175 crore in the project, which has the potential to create 3,000 jobs.“>
Andhra Pradesh has bagged yet another marquee investment in the clean energy sector, with Waaree Energies choosing the state for its integrated lithium-ion battery gigafactory, which will be the largest in the country.
Waaree is investing 8,175 crore in the project, which has the potential to create 3,000 jobs, officials said. The project will be a major addition to AP’s clean energy manufacturing ecosystem. The state has so far attracted huge investments in solar, wind, hybrid, and pumped storage projects. The greenfield facility, with a proposed capacity of 16 GWh, will cover the entire battery value chain, including cell manufacturing, battery packs, and large-scale battery energy storage systems (BESS). The State Investment Promotion Board in its recent meeting chaired by chief minister N Chandrababu Naidu, gave approval to the project.
ITEC and HRD minister Nara Lokesh said the project will strengthen domestic manufacturing in the energy storage sector and reduce import dependence.
Lokesh said the gigafactory will play a key role in supporting India’s transition to clean energy.
AP has attracted substantial investments in renewable power generation and solar module manufacturing under its integrated clean energy (ICE) policy. The Waaree facility is expected to add a critical storage component to the clean energy value chain. The new unit is expected to support the growing demand for energy storage from solar and wind projects, electric vehicle (EV) infrastructure, and power utilities.
The project is part of the state’s broader plan to build an integrated clean-energy ecosystem linking power generation, equipment manufacturing, and storage systems. In recent years, Andhra Pradesh has focused on developing industrial clusters with supporting infrastructure and policy incentives to attract advanced manufacturing investments, Lokesh said.
Join the community of 2M+ industry professionals.
Subscribe to Newsletter to get latest insights & analysis in your inbox.
All about ETAuto industry right on your smartphone!
- Download the ETAuto App and get the Realtime updates and Save your favourite articles.
