( MENAFN - KNN India) Amaravati, May 17 (KNN) ReNew Energy Global announced on Friday a substantial investment of Rs 22,000 crore (USD 2.57 billion) to establish a hybrid renewable energy project in Andhra Pradesh. The strategic initiative aims to capitalise on India's growing demand for clean energy solutions. The project will generate a combined capacity of 2.8 gigawatts, comprising 1.8 GW from solar installations and 1 GW from wind power. According to company officials, the hybrid facility will be engineered to supply power for up to four hours daily during peak demand periods. ReNew Energy currently holds the position of India's second-largest renewable energy provider, following only Adani Green.