Telangana's Ambitious Renewable Energy Policy-2024: A Roadmap to Green Energy Transformation
Key Ideas
- Telangana's draft policy aims to add 51 GW of renewable energy capacity by FY35, with a focus on solar, wind, hydro, and energy storage solutions.
- The policy promotes the production of green hydrogen and its derivatives, positioning Telangana as a major player in the green energy sector.
- Incentives such as SGST reimbursement, stamp duty waivers, and loan interest subsidies are provided to encourage renewable energy projects.
- The state's push for electric vehicle charging stations and renewable integration demonstrates a holistic approach towards sustainable energy development.
The Telangana government has unveiled a comprehensive Renewable Energy Policy-2024, with a vision to enhance renewable energy capacity by 51 GW by 2035. The policy emphasizes diversification in solar, wind, hydro, and energy storage installations, including green hydrogen production. Nodal agencies are designated to oversee project completion within strict timelines, with penalties for delays. The policy incentivizes renewable energy projects through SGST waivers, stamp duty exemptions, and loan interest subsidies. Additionally, initiatives like promoting electric vehicle charging infrastructure and integrating renewables showcase Telangana's commitment to sustainable energy transitions. By offering incentives for industry projects and prioritizing green practices, the policy aims to establish Telangana as a frontrunner in the green energy sector, fostering economic growth and environmental sustainability.
Topics
Policy
Utilities
Renewable Energy
Electric Vehicles
Solar Power
Energy Storage
Green Initiatives
Wind Energy
Incentives
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