As India’s fastest-growing state, Andhra Pradesh is gearing up to attract more investors at the Global Investment Summit (GIS) 2023 in Visakhapatnam on March 3 and 4, and renewable energy is one of the key sectors the state is focusing on.
The state has the potential to attract investment of Rs 3.5-4 trillion in 44 Gw of wind and 38 Gw of solar power, based on estimates by the government and the industry. Besides, the state has potential in 33.2 Gw of pumped hydro.
According to the plan lined up by the state government, it has set a target of establishing 120-Gw renewable power projects by 2025. This comes at a time when the state has attracted around Rs 1.06 trillion for generating 22,600 Mw of green energy.
