Andhra Pradesh has significant potential each for Solar, Wind and Wind -Solar Hybrid generation. The state has ideal conditions for setting up Renewable Energy projects for export of energy to other states.
The Hub will act as a Multi-Product Mega Industrial Park, with good infrastructure facilities like power, water, CETPs and STPs etc. The proposed MIH is likely to bring in an investment of Rs.25,000 Crore with a potential to create employment to 2.5 Lakh people.
Andhra Pradesh has already achieved the Renewable Power Purchase Obligation (RPO) notified by the State Commission and Ministry of Power, Government of India.
Taking into consideration the huge untapped potential and availability of lands, the State Government in order to encourage, develop and promote renewable energy projects by investors for the purpose of energy export outside Andhra Pradesh without any obligation of procurement of power by State DISCOMs, decided to issue “Andhra Pradesh Renewable Energy Export Policy 2020”.
