A Note On Andhra Pradesh Renewable Energy Policy, 2020

The Government of Andhra Pradesh (the "State Government") vide its order no. G.O.Ms. No. 20 dated July 17, 2020 notified Andhra Pradesh Renewable Energy Export Policy, 2020 (the "Policy") in concurrence of Finance in U.O.No.FIN01-FMU)ASD(IIE)/4/2020-FMU-IIEIC(Computer.No.1132369), dated, April 09, 2020.

Highlights of the Policy

1. The Policy has been formulated taking into consideration the huge untapped potential and availability of lands in the state and 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 notify the Policy;
2. The objective of the Policy is to facilitate, (a) 120 GW renewable energy projects; (b) lease of 5,00,000 acres of potential land to renewable energy export project developers; (c) attract private investment; (d) promote setting up of renewable energy equipment manufacturing facilities in