Rajasthan has launched the Rajasthan Investment Promotion Scheme 2024 (RIPS 2024) to facilitate investments in renewable energy and bolster economic growth in the state. The scheme aims to attract significant investments and support India's ambitious target of achieving 500 gigawatts (GW) of renewable energy capacity by 2030. By focusing on 'Green Growth' and 'Export Promotion', the policy offers incentives to new and existing businesses aligning with these priorities. With its favorable climate conditions for solar energy, Rajasthan is positioning itself as a key player in the renewable energy sector. Under RIPS 2024, companies investing in renewable energy projects stand to benefit from a range of incentives, including exemptions on various charges and fees for up to seven years. The scheme places emphasis on solar, wind, hybrid power, and Green Hydrogen production, reflecting Rajasthan's commitment to sustainable energy practices. Additionally, incentives for energy storage systems promote the integration of battery storage with renewable plants, offering exemptions on transmission and wheeling charges based on capacity and configuration. The scheme caters to different business sizes, providing specific incentives for Micro, Small, and Medium Enterprises (MSMEs) to encourage their participation in renewable energy projects. Furthermore, RIPS 2024 incentivizes sustainable practices, offering benefits for environmental project costs, electricity duty exemptions, and subsidies on clean production technology. By attracting investments in various renewable energy categories such as solar, wind, and biomass, Rajasthan aims to establish itself as a leading destination for renewable energy generation. Overall, the Rajasthan Investment Promotion Scheme 2024 signifies the state's commitment to promoting renewable energy, fostering economic development, and contributing significantly to India's renewable energy objectives.