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The Government of Andhra Pradesh recently announced Andhra Pradesh Renewable Energy Export Policy, 2020 to facilitate 120 GW renewable energy projects.
Andhra Pradesh has already achieved the Renewable Power Purchase Obligation (RPO) notified by the State Commission and also the Ministry of Power, Government of India, the government stated. Various Government of India schemes such as Ultra Mega Renewable Energy Power Parks (UMREPPs) provided incentives for renewable energy projects.
Taking into consideration the huge untapped potential and also 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 the state decided to notify Andhra Pradesh Renewable Energy Export Policy 2020.
The main objectives of this policy is to facilitate lease of 5 lakh acres of potential land in the state of Andhra Pradesh to renewable energy export project developers, To attract private investments to the State and improve local economy, To promote setting up of renewable energy equipment manufacturing facilities in the State and To generate additional revenue to the State Government.
The New and Renewable Energy Development Corporation of AP Limited (NREDCAP) would be the nodal agency under the new policy to implement the projects.The policy will come into operation with effect from July and will remain in force for five years.
‘Allocation of renewable energy resource potential in any area to developers will be done on a first-come-first-serve by NREDCAP through online applications,’ Srikant said.
‘Priority will be given to developers intending to set up energy export projects along with manufacturing facilities in the state,’ he added.
Additional incentives would be extended to developers seeking to establish new equipment manufacturing facilities and ancillaries related to renewable energy as they contribute to the state’s economic development besides creating employment.
Besides these, there would be regular incentives under the prevailing industrial promotion policies.
To know more about the policy refer to the document below: