HYDERABAD: In a major boost to renewable energy sector, the Andhra Pradesh Government has inked memorandums with several companies with a total investment outlay potential of Rs. 19,000 crore. SBJ Cleantech, a joint venture of SoftBank Corporation of Japan, Foxconn Technology Group of Taiwan and Bharti Enterprises; Gamesa, the Spanish wind turbine maker, and Accinona Energia signed separate agreements for setting up solar and wind power projects in the State. The three-way venture of SBJ Cleantech has outlined plans to develop 2 Giga Watt solar (2000 MW) and One Giga Watt (1000 MW) wind power projects. Wind power companies Gamesa, Suzlon, Regen Power and Renew Power have outlined their plans for over the next five years, which includes wind power projects and turbine facilities. The Chief Minister, N Chandrababu Naidu, has assured strengthening of transmission network and wanted the developers to bring down the cost to Rs. 4 per unit from Rs. 6 now.
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