Why in the News?

• The Rajasthan government is set to launch an integrated clean energy policy, introducing a range of new incentives in the energy sector, including emerging areas like pump storage, green hydrogen, battery storage, and bio-energy.
• In Jaipur, the State government signed agreements worth Rs 6.57 lakh crore with investors in the energy sector.

Key Points:

=> At the energy pre-summit, Chief Minister of Rajasthan stated that the State government aims to make Rajasthan an energy-surplus State capable of meeting its own energy demands and assisting others.

Transition to Renewable Energy:

=> The Chief Minister highlighted the new clean energy policy and emphasized Rajasthan’s shift to renewable energy, leveraging its world-class solar park with a capacity of 2,245 MW and over 325 days of annual sunshine.

=> The policy aims to capitalize on Rajasthan’s potential in renewable energy sources like solar, wind, and hybrid technologies.

Pre-Summit and Investment Proposals:

=> The energy pre-summit was organized ahead of the Rising Rajasthan Global Investment Summit-2024, scheduled for December.

=> Memorandums of Understanding (MoUs) signed include proposed projects in solar, wind, green hydrogen, hybrid systems, pump storage, battery storage, and green ammonia.

Job Creation and Economic Impact:

=> The investment proposals are expected to generate approximately 70,000 new jobs in Rajasthan through on-ground implementation.