Rajasthan is an ideal location for generating solar energy, due to its massive amounts of unused land and the constant sunlight. Uninterrupted sunlight leads to better energy generation. This is also one of the reasons why Rajasthan is India’s second-largest producer of solar energy. The opportunities for solar energy-related projects and businesses are immense in the state.
Location & Climate:
Rajasthan is India’s largest state and it harbours the Massive the Thar Desert. It is located in the north-western section of the country. The state has few cloudy days, making it perfect for solar power generation.
Rajasthan’s natural climate has always been suitable for renewable energy generation and policies have aided in providing the necessary support for the sector to expand. The state government also provides many concessions for renewable energy projects, in addition to infrastructure support for the burgeoning sector.
The Rajasthan Investment Promotion Scheme 2019 and other measures contributed to the creation of an investment-friendly environment. Under the RIPS 2019, the state government has designated renewable energy as a priority sector.
Using Underutilised Land:
Rajasthan has many open spaces that can be used to generate solar energy. Due to the desert and its intense heat, some land has become barren. The area cannot be used for farming, but it can be used to generate solar power.
Also, the state is sparsely inhabited in comparison to the rest of the country. Solar power-producing systems and plants in less inhabited areas allow clean energy to reach the isolated communities, that do not have access to electricity.
Major Investment Proposals Presently Under Consideration:
Reliance New Energy Solar Limited, the subsidiary of Reliance Industries has signed a Letter Of Intent (LOI) with the state, to invest Rs 1 lakh crore for the generation of 20,000 MW of solar power.
Moreover, Greenko Group has proposed an investment of Rs 30,000 crore in a Wind-Solar Hybrid Power Project with a capacity of 4,500 MW.
The state government has also allotted government land measuring 2,397.54 hectares in Bandha village of Jaisalmer district to Adani Renewable Energy Holding Four Limited to set up a 1GWp solar power project.
JSW proposed Rs 48,500 crore in solar projects with a capacity of 10,000 MW, whereas Renew Power, proposed 10,000 MW solar projects with an estimated expenditure of Rs 30,000 crore. In addition to this, the National Thermal Power Corporation has been growing its renewable energy base in Rajasthan, alongside commercial companies.
In October 2022, the state hosted the Invest Rajasthan Summit 2022. At the event, two major players in the energy sector, Tata Power and Adani Group announced plans to invest in megawatt-scale projects in Rajasthan.
Tata Powers has plans to develop utility-scale solar projects of 8000MW capacity, 1000MW of rooftop projects, and install 1,50,000 solar pumps. Adani group, on the other hand, is planning to invest Rs 65,000 crores to develop solar projects of 10,000MW capacity in the state.
Further, two fossil-fuel-based PSUs, Coal India Ltd, and ONGC (Oil and Natural Gas Corporation) are also planning to develop gigawatt-scale solar projects in the state.
Renewable Energy Capacity and Future Target:
Rajasthan has a total of 19116.80 MW of renewable energy capacity installed. Solar power takes the lead with 14454.70 MW, followed by wind at 4537.02 MW and biomass-based plants at 125.08 MW. Under the Solar Energy Policy 2019, the state is targeting to generate 30GW of solar power by 2024-25.
Rajasthan’s New Solar policy:
RRECL, as the state government agency in charge of promoting renewable energy, has worked tirelessly to make power generation projects easier to build and to evacuate the generated electricity. For the first seven years, the RIPS 2019 grants renewable energy projects a 100 percent stamp duty and land tax exemption.
There is a 90 percent SGST subsidy for solar, wind, and hybrid energy equipment production, as well as a 50 percent employment subsidy suggested under the investment promotion scheme, among other perks. In addition to the thrust sector benefits granted in RIPS 2019, megaprojects can apply for a customized package.
SolarEdge Installation in Different Industries in Rajasthan By Ornate Solar
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