📷 Image: Wikimedia Commons / Ministry of New and Renewable Energy, Government o
Business
Andhra Pradesh Minister calls for faster renewable energy projects amid high capital costs
✍️ ET EnergyWorld
🗓 14 Nov 2026, 11:03 AM
👁 24
The state minister emphasized the need to accelerate renewable energy projects in Andhra Pradesh, citing expensive financing as a major challenge.
Andhra Pradesh's senior minister for renewable energy told industry stakeholders that the pace of new renewable projects must be increased to meet the state's climate and power goals. He highlighted that the cost of capital for such projects has risen, making financing a critical bottleneck.
The minister urged investors and developers to explore lower‑cost funding mechanisms and to streamline approvals, aiming to attract more private participation. He noted that faster deployment would also help reduce the state's reliance on imported fossil fuels.
Officials from the state energy department are reportedly reviewing policy incentives to improve the investment climate, while the central government’s green finance schemes are being examined for alignment with state objectives.
The minister urged investors and developers to explore lower‑cost funding mechanisms and to streamline approvals, aiming to attract more private participation. He noted that faster deployment would also help reduce the state's reliance on imported fossil fuels.
Officials from the state energy department are reportedly reviewing policy incentives to improve the investment climate, while the central government’s green finance schemes are being examined for alignment with state objectives.