2 GW Solar Park Project to be Developed in Rajasthan: MNRE Minister Pralhad Joshi
The central government has approved a 2 GW solar park project in Rajasthan with 30 percent central financial assistance, announced Union Minister for New and Renewable Energy Pralhad Joshi at the Rising Rajasthan 2024 Summit.
December 10, 2024. By Mrinmoy Dey
The Minister was addressing the session on the 'Transition Towards a Sustainable Energy Economy' at the 'Rising Rajasthan Summit' in Jaipur. The central government will work together with all stakeholders to boost the renewable energy sector, he said.
“Union Minister Joshi announced the approval of a 2000 MW solar park project of Rajasthan Solar Development Corporation at the event which will also have 30 percent central financial assistance,” noted a statement by the Ministry of New and Renewable Energy (MNRE).
Joshi lauded the recent launch of Rajasthan’s Integrated Clean Energy Policy 2024, which aims to achieve 125 GW of renewable energy capacity by 2030. He emphasized that this ambitious policy will significantly contribute to the national target of 500 GW of renewable energy by 2030.
“These incentives reflect Rajasthan’s commitment to creating a thriving ecosystem for renewable energy investments,” Joshi said.
Highlighting the state’s achievements, the Minister noted that Rajasthan has an installed renewable energy capacity of 30.31 GW, with solar power contributing 24.55 GW, making it the national leader in this domain. He also appreciated the Rajasthan Investment Promotion Scheme 2024, which provides generous incentives to investors in renewable energy.
Joshi highlighted the innovative discussions and breakthroughs in renewable energy technologies like solar, wind, and hydrogen as well as innovative financing mechanisms and investment opportunities that were held in the Summit. “Rajasthan has the potential to become a global hub for renewable energy innovation,” Joshi said.
The Minister urged the state to expedite the implementation of key initiatives such as the PM Surya Ghar: Muft Bijli Yojana to maximise their benefits. He also called for the swift operationalisation of the state’s Green Hydrogen Policy to position Rajasthan as a hub for emerging green technologies.
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