Rajasthan has become the leading Indian solar state with an installed PV capacity of 7,737.95 MW, surpassing Karnataka, as per a recent report released by the Ministry of New and Renewable Energy (MNRE), Government of India.
Despite the challenging circumstances of Covid, the State installed 2,348.47 MW PV capacity in the last eight months. During this period, it attracted a record investment of INR 10,000 crore (US$ 1357 million) in the solar sector. The State made unprecedented progress in ground-mount, rooftop, and off-grid PV installations in the year 2021.
“The state’s Solar Energy Policy-2019 has played a very important for investors in the direction of making Rajasthan a leader in the field of green energy-clean energy. Also, the Rajasthan Investment Promotion Scheme, 2019 brought a revolutionary change in the field of solar energy in the state. Under this policy, in April 2021, customized investment proposals worth INR 34,200 crore (US$ 4641 million) were approved in the hybrid energy sector in the state. Most of these are related to solar energy,” read the state government release.
Notably, high solar radiation and an abundance of barren land make Rajasthan suitable for solar power generation. The State’s solar power generation potential has been estimated at 142 GW owing to its favorable conditions. The State government has set an ambitious target of 30 GW of solar power generation by 2024-25.
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