Rajasthan is aiming to achieve 90 gigawatts (GW) of renewable energy capacity by the fiscal year 2029-30, according to Jiwesh Nandan, a Distinguished Fellow at The Energy and Resources Institute (TERI). Speaking at an industry meeting in Jaipur, Nandan elaborated on the Rajasthan Renewable Energy Policy 2023, which anticipates 60 GW of variable renewable energy capacity by 2030, with equal contributions from solar photovoltaics and wind energy.
Nandan highlighted that the new policy reflects the state’s commitment to leveraging its abundant solar and wind resources to transition towards a more sustainable energy future. He told industry stakeholders, “Businesses are evolving to reflect the changing values and economics of today’s world, focusing increasingly on resource efficiency and clean energy.”
He emphasised the pivotal role that consumers play in pushing companies towards more sustainable practices, stating, “Consumer demand is a powerful driver for businesses to adopt greener, more sustainable operations,” underscoring the importance of public enthusiasm for achieving a sustainable and net-zero future.
The policy aims not only to boost renewable energy capacity but also to integrate it effectively into the state’s energy mix. Nandan discussed the significant potential for integrating solar energy into Rajasthan’s commercial and industrial sectors. He noted that there are substantial opportunities for shifting agricultural energy demand to daytime hours when solar power generation is at its peak. Additionally, incorporating electric vehicle loads can help reduce reliance on grid-scale batteries, providing a more balanced and efficient energy system.
Nandan also pointed out that the Rajasthan Renewable Energy Policy 2023 is aligned with national goals and international commitments to combat climate change. By fostering a robust renewable energy sector, Rajasthan aims to play a crucial role in India’s broader energy transition strategy. This initiative is part of TERI’s efforts, as the Secretariat of the industry coalition, to drive the integration of renewable energy into the country’s overall energy and industrial frameworks.
He urged all stakeholders, including government agencies, private companies, and the public, to support and actively participate in the renewable energy push, emphasizing that achieving these targets necessitates a collective effort and the creation of an ecosystem that supports sustainable growth and development.
The policy also outlines various incentives and support mechanisms for businesses and investors to encourage the adoption of renewable energy technologies. These include subsidies, tax benefits, and streamlined regulatory processes aimed at making it easier for projects to get off the ground.
By achieving these ambitious targets, Rajasthan aims to not only meet its energy needs sustainably but also create jobs, spur economic development, and position itself as a leader in the renewable energy sector. This move is expected to significantly reduce the state’s carbon footprint, contribute to national renewable energy goals, and inspire other states to adopt similar measures.
Nandan’s address underscored the importance of a collective approach to achieving the renewable energy targets, with the Rajasthan Renewable Energy Policy 2023 serving as a blueprint for sustainable energy development in the region.
