Waaree Energies to invest 15,000 cr in green ammonia project in Andhra

New Delhi: Waaree Energies, India's largest solar module manufacturer, will invest around ₹15,000 crore to set up a green ammonia project with an annual production capacity of 1.2 million tonnes in Andhra Pradesh's Kakinada Special Economic Zone.

The project, which will come up near Kakinada Gateway Port, is expected to strengthen Andhra Pradesh's position as a major hub for green energy and emerging clean fuel industries. Waaree Clean Energy has acquired about 300 acres of land in Kakinada SEZ in proximity to the Kakinada port.

According to sources, the formal announcement of the project will be made at the Andhra Pradesh Investment Summit in Visakhapatnam this week. An MoU will be signed between the government and the clean energy major at the two-day summit.


The state government has approved the project under its Andhra Pradesh Integrated Clean Energy Policy, 2024 and sanctioned a set of incentives to make the investment viable. The project, proposed by Waaree Clean Energy Solutions, will have a production capacity of 1.20 million metric tonnes per annum.