Energy initiatives in Andhra Pradesh

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Andhra Pradesh is actively pursuing several significant energy initiatives and projects aimed at bolstering its renewable energy capacity and achieving its clean energy targets. Here are the key developments as of November 2024:

Major Renewable Energy Projects

1. NGEL and NREDCAP Collaboration:
   • NGEL (NTPC Green Energy Ltd.) has partnered with NREDCAP (New & Renewable Energy Development Corporation of Andhra Pradesh) to develop renewable energy projects worth ₹1.87 trillion. This collaboration focuses on generating 25 GW of solar and wind power, 10 GW of pumped storage projects, and 0.5 MMTPA of green hydrogen. This initiative is expected to create over one lakh jobs and position Andhra Pradesh as a leader in India's green energy revolution.
2. NTPC Green Energy's ₹2 Lakh Crore Project:
   • NTPC Green Energy Ltd. has signed an agreement with the Andhra Pradesh government to set up renewable energy projects worth ₹2 lakh crore. The project aims to develop 25 GW of solar/wind power, 10 GW of pumped storage, and 0.5 MMTPA of green hydrogen. This project is part of the state's broader strategy to attract investments and become a clean energy hub.

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3. Serentica Renewables' 10 GW Project:
   • Serentica Renewables has committed to developing 10 GW of renewable energy projects in Andhra Pradesh. This initiative combines solar and wind energy to contribute significantly to the state's renewable energy goals.

Policy Initiatives

1. Andhra Pradesh Integrated Clean Energy Policy 2024:
   • The state government has notified the Andhra Pradesh Integrated Clean Energy Policy 2024, which aims to achieve 50% cumulative electric power capacity from non-fossil fuel-based energy sources by 2030 and a net-zero target by 2047. The policy targets generating over 160 GW of renewable energy, attracting investments worth ₹10 lakh crore, and creating approximately 750,000 jobs.
2. Incentives and Subsidies:
   • The policy offers various incentives, including a 25% capital subsidy for solar and wind manufacturing plants, exemption from open access charges for ten years, and reimbursement of net SGST on product sales for five years. These measures are designed to attract investments and facilitate the development of clean energy projects.

Infrastructure and Implementation

1. Renewable Energy Zones (REMZ):
   • The Andhra Pradesh government has announced the establishment of Renewable Energy Zones to promote green energy power plants. These zones will provide a conducive environment for large-scale renewable energy projects, including solar, wind, and hybrid systems.
2. Single-Window Clearance System:
   • To streamline the development process, the state government has introduced a single-window clearance system for all clean energy projects under the ICE Policy. This system aims to facilitate time-bound statutory clearances and simplify the investment process for developers.

Future Prospects

Andhra Pradesh is poised to become a significant player in India's renewable energy landscape. With substantial investments and comprehensive policy support, the state is well on its way to achieving its ambitious clean energy targets and establishing itself as a leading hub for renewable energy development.