Andhra Pradesh Unveils Ambitious Integrated Clean Energy Policy-2024
Key Ideas
- Special Chief Secretary emphasizes collaborative efforts for the successful implementation of Andhra Pradesh's Integrated Clean Energy Policy-2024.
- The policy aims to generate 78.50 GW of solar energy, 35 GW of wind energy, green hydrogen, ethanol, and biofuels, aligning with net zero emission targets.
- Incentives such as land leasing, stamp duty waiver, and subsidies for green hydrogen production and BESS are provided to attract investments and promote clean energy solutions.
- The policy envisions optimizing energy costs, creating employment opportunities, and fostering a robust regulatory framework in the clean energy sector.
The Andhra Pradesh Integrated Clean Energy Policy-2024 (ICEP) was unveiled, with a focus on harnessing the state's Renewable Energy (RE) potential and driving progress towards net zero emission targets. Special Chief Secretary K. Vijayanand emphasized the need for collaborative efforts by state power utilities to ensure the successful implementation of the policy. The ICEP sets ambitious energy generation targets, including 78.50 GW of solar energy, 35 GW of wind energy, and the production of green hydrogen, ethanol, and biofuels. In a teleconference, key officials discussed the policy's framework, which aims to attract investments in the clean energy sector and facilitate employment generation. To incentivize participation, the policy offers benefits like land leasing, stamp duty waivers, and subsidies for green hydrogen production and Battery Energy Storage Systems (BESS). By providing a platform for sustainable energy solutions, the ICEP seeks to optimize energy costs and contribute to the state and country-level sustainability goals.