The Rajasthan Investment Promotion Scheme (RIPS) 2024, introduced by the state government, aims to incentivize investments in renewable energy, battery energy storage systems (BESS), and green hydrogen. The scheme offers a plethora of benefits to promote the growth of these sectors. Renewable energy units receive exemptions on various charges such as electricity duty, stamp duty, conversion charges, mandi fees, and Pollution Control Board fees, facilitating easier establishment and operation. Additionally, for green hydrogen production using in-state renewable energy, a subsidy on cross-subsidy surcharge and additional surcharges is provided. Transmission and wheeling charges are also exempted for renewable energy projects and BESS, further enhancing their financial feasibility. Captive renewable power projects enjoy exemptions from banking, wheeling, and transmission charges, with provisions for inclusion in the Eligible Fixed Capital Investment (EFCI). The policy also extends capital subsidies, SGST reimbursements, and turnover-linked incentives to support enterprises post-installation. Power-intensive sectors leveraging renewable energy benefit from state tax reimbursements and VAT reimbursements on natural gas. Flexible land payment models enable easier land acquisition for large-scale projects, with only 25% of the cost due upfront and the remainder payable over ten years at an 8% interest rate. Rajasthan aims to establish 90 GW of renewable energy projects by 2029-30, with a focus on solar, wind, and wind-solar hybrid projects. The state has shown significant progress in solar energy, surpassing 50% solar capacity in its total installed power, positioning itself as a frontrunner in India's renewable energy transition.