Telangana to add 20K MW renewable energy to existing capacity by 2030

Hyderabad: Telangana aims to add 20,000 MW to its existing over 11,000 MW renewable energy generation and storage capacity by 2030, Deputy Chief Minister Mallu Bhatti Vikramarka said on Friday.

After unveiling the Telangana Clean and Green Energy Policy-2024, Bhatti said in order to achieve the target, the state would focus on Standalone Renewable Energy Projects, Innovative Solutions such as floating solar, Waste to Energy and Green Hydrogen.

Telangana State has emerged as a hub for the development of technology, pharmaceuticals, manufacturing and agriculture sectors. Taking the lead in the use of clean energy resources, Telangana has acquired 11,399 green power capacity and is moving forward towards achieving the target of 20,000 megawatts by 2030, said Bhatti

“Telangana is targeting to achieve an additional 20,000 MW of renewable energy and storage capacity by 2030,” he said.

Renewable energy in Telangana

The current renewable energy capacity which stands at 11,399 MW includes 7,889 MW of solar energy (excluding distributed renewable energy) and 2,518 MW of hydro energy, among others. The Minister said with various maga infra projects such as future city and phrma city being taken up, the state is expected to drive an exponential rise in peak electricity demand, from 15,623 MW in FY 24 to 24,215 MW by FY 30 and 31,809 MW by FY35.

It is essential that this demand is met with clean, reliable, affordable, and sustainable energy solutions, he further said.

Comprehensive Development Plans of the State

Future City: We have initiated the creation of a green and sustainable urban ecosystem that will meet the needs of the expanding urban population. AI City: A modern city development with cutting-edge artificial intelligence and smart technologies near Hyderabad.

Pharma City: To make Telangana a global pharmaceutical hub and a leader in the life sciences sector.

Improved connectivity: The fourth city is transforming the state into a logistics powerhouse with the Regional Ring Road (RRR), expansion of the metro rail, airport, industrial corridor.

Comprehensive Progress

The number of electric vehicle charging stations has now reached 872. It is attracting investors by providing incentives like tax exemptions and payment subsidies to industrialists. In addition, the government is also taking forward projects like converting waste into energy. The new policy, among other facilities, proposes reimbursement of Net SGST (state GST), stamp duty, Transmission & Distribution charges, and waivers on Electricity Duty.

According to the policy, these incentives will significantly reduce the cost burden on developers, ensuring financial viability and encouraging large-scale investments.