Andhra Pradesh Integrated Clean Energy Policy-2024: Transforming the State into a Clean Energy Hub
Key Ideas
- Andhra Pradesh has launched the ICE-2024 policy aiming to add over 160 GW of renewable energy, attract investments worth `10 lakh crore, and generate jobs for approximately 7.50 lakh individuals.
- The policy focuses on various clean energy sources including solar power, wind power, green hydrogen, and biofuels, with plans for capacity addition in solar, wind, pumped storage, and battery energy storage sectors.
- The State government intends to achieve Net Zero emissions by 2047 and establish a University for Green Energy & Circular Economy to promote education and skill development in the clean energy sector.
- The implementation of ICE-2024 is expected to position Andhra Pradesh as a preferred destination for renewable energy investments, driving the state towards becoming a Clean Energy Hub in India.
The Andhra Pradesh government has introduced the Integrated Clean Energy Policy-2024 (ICE-2024) with a focus on enhancing renewable energy production in the state. The policy, effective for five years, aims to add 160 GW of renewable energy capacity, attracting investments totaling `10 lakh crore. This initiative is anticipated to create substantial employment opportunities, directly and indirectly benefiting around 7.50 lakh individuals. The ICE policy prioritizes solar power, wind power, hybrid power, hydropower, energy storage systems, and green hydrogen among others. With a strong emphasis on sustainability, the policy also targets achieving Net Zero emissions by 2047.
The government's plan includes establishing a University for Green Energy & Circular Economy to provide educational programs and certifications to foster entrepreneurship and skill development in the clean energy domain. Through initiatives like the ICE-2024, Andhra Pradesh aims to position itself as a leading hub for clean energy production, offering a conducive environment for investments in renewable energy projects. The state's ambitious targets and comprehensive approach indicate a positive outlook towards transitioning towards a more sustainable and eco-friendly energy landscape.
Topics
Investing
Renewable Energy
Sustainability
Investment
Employment Opportunities
Policy Implementation
Andhra Pradesh
Clean Energy Hub
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