Rajasthan is most strongly positioned to drive India’s Renewable Energy target of 450 GW by the year 2030.
With the highest installed solar generation capacity (over 8000 MW), it leads India’s renewable energy bandwagon. The state is also among the top five states in India in terms of installed wind generation capacity. Rajasthan receives the highest solar radiation in the country (5.72 Kwh/m2/day), has the highest number of clear sunny days (>325) in a year and has vast tracts of flat land available at competitive rates making it the most suitable place for setting up of solar generation units.
The state is home to world’s largest fully operational 2245 MW Solar Park in Bhadla, Jodhpur spread over 5783 hectares.
Avenues for Investment
- Solar Power Generation
- Solar Parks
- Rooftop Solar Generation
- Solar Components Manufacturing
- Water body based floating Solar Projects
- Solar/wind/hybrid energy projects with storage systems
- RE-based EV Charging Stations
- Green Hydrogen Production
- Wind and Hybrid Power Generation
- Wind Energy Equipment Manufacturing
Investment Incentives
Rajasthan Investment Promotion Scheme (RIPS) 2019
- An attractive package of general financial incentives (exemption and subsidies)is available for investors under RIPS 2019.
- Additionally, 5% interest subsidy for 5 years up to INR 2.5 million p.a. and 20% capital subsidy up to INR 5 million is available on investment in solar component and wind turbine manufacturing
Policies
Rajasthan Solar Policy 2019 and Rajasthan Wind & Hybrid Energy Policy, 2019
- Provision of allotment of Government Land for solar energy equipment manufacturing facilities
- Relaxation from requirement of land use conversion and from ceiling limit
- 50% concession on land allotment to manufacturing units and renewable energy based charging stations
- 100% exemption from Electricity Duty for 10 years
- Investment subsidy on SGST
- Time-bound approval of projects
- Promotion of Wind-Solar Hybrid Projects and re-powering of Wind/Hybrid power plants with storage systems and hybridisation of conventional thermal plants with RE power
