Andhra Pradesh plans to generate 160 GW of green energy and attract investments worth Rs 10 lakh crore by 2029, as per Chief Minister N. Chandrababu Naidu. Already, investments totaling Rs 5.95 lakh crore have been secured in this sector, with proposals and MoUs covering 90 GW of capacity finalized. NTPC Green Energy is set to invest Rs 1.85 lakh crore in this initiative.
The Chief Minister, while inaugurating the 6.5 GW ReNew Solar Ingot-Wafer Plant in Rambilli near Visakhapatnam, highlighted the ongoing solar and wind power projects in Anantapur and Kurnool districts. Additionally, solar panels will be manufactured in Rambilli. IT Minister Nara Lokesh emphasized that the establishment of the solar wafer and ingot manufacturing facility positions Andhra Pradesh as the “Silicon Coast of India.”
Lokesh underscored the state’s move towards high-value manufacturing in renewable energy, particularly in critical segments like wafers and ingots. He mentioned the state’s strategy to enhance domestic manufacturing capabilities across electronics, semiconductors, and clean energy. Andhra Pradesh has been actively engaging with global and domestic renewable energy companies, offering incentives to attract investments in upstream manufacturing.
At an event in Anakapalli district, the Chief Minister expressed optimism about the district’s potential to become a top investment destination in India. He compared the district’s transformation to that of Ranga Reddy, once considered backward but now prosperous. Anakapalli is poised to follow a similar trajectory of development.
