Rajasthan's Integrated Clean Energy Policy 2024: A Leap Towards Renewable Energy
Key Ideas
- Rajasthan aims to achieve 125,000 MW of renewable energy capacity by 2030, with a focus on solar, wind, and hydro energy.
- The policy promotes decentralized solar power projects, repowering wind turbines, and hybrid wind-solar projects.
- Incentives include exemptions on electricity duty, stamp duty, and reimbursement for conversion charges and market fees.
- The state encourages the development of Battery Energy Storage Systems (BESS) to ensure reliable power supply and offers incentives for integration with renewable energy projects.
Rajasthan has introduced its Integrated Clean Energy Policy 2024 with the ambitious target of reaching 125,000 MW of renewable energy capacity by 2030. The comprehensive plan includes the installation of 90,000 MW of solar power, 25,000 MW of wind and hybrid energy, and 10,000 MW of hydro, pumped storage, and battery energy storage systems. The policy, effective until March 29, 2029, aims to promote the adoption of renewable energy in the state. Key highlights of the policy include provisions for rooftop solar capacity addition, virtual net metering, and group net metering to enable consumers without sufficient space to access renewable energy. The state will also promote decentralized solar power projects and repowering of existing wind turbines. Incentives under the Rajasthan Investment Promotion Program 2024 offer exemptions and reimbursements on various charges, providing a significant boost to renewable energy projects. The policy further encourages the development of Battery Energy Storage Systems, with specific requirements for power rating and energy capacity. Projects integrated with BESS will benefit from exemptions on registration charges, supporting the growth of storage capacity for reliable power supply. Rajasthan's initiative signifies a positive step towards sustainable and green energy practices, aiming to transform its energy landscape through a mix of solar, wind, and hydro energy sources.