From facilitating many public-private partnerships to signing MoU’s with power developers, Rajasthan has become the new leader in the field of solar energy. Here’s more to know.
Rajasthan, with an installed capacity of 1,167 megawatt, has become the leader in the field of solar energy in the country.
So far, Gujarat had been the undisputed leader in this field but Rajasthan, with some incredible projects in the pipeline, has now grabbed the position.
In the last one year, Rajasthan government has collaborated with many private organisations to develop solar parks which can attract investments worth more than Rs. 1.50 lakh crores once fully operational. The capacity of these parks will be 26,000 MW cumulatively.
The government has also signed MoUs with power developers like SunEdison, Adani Enterprises, Reliance Power and Azure Power for generating 14,000 MW solar power. The project will require an investment of about Rs. 85,000 crore.
National Thermal Power Corporation (NTPC) will soon be commissioning 680 MW in the state. Earlier, though Rajasthan had all the natural advantages to go solar such as abundant barren land and high solar radiation, it lacked investor-friendly policies and aggressive government promotion of the sector.
The issue is being now addressed through the state’s new solar policy which aims at promoting public-private partnerships.