SEC clears Rs 1,180 billion investments in renewable energy in Rajasthan

The State Empowered Committee (SEC) under the Rajasthan Enterprises Single Window Enabling and Clearance Act, 2011 has recommended six projects worth Rs 1,180 billion for consideration of special package under the Rajasthan Investment Promotion Scheme.

The proposals in the renewable energy sector include a 10 GW solar power project at an investment of Rs 485.40 billion, a 10 GW solar-wind hybrid renewable energy project with proposed investment of Rs 400 billion and an integrated renewable energy storage project to be developed with an investment of Rs 300 billion, which will come in a phased manner in the coming years. The integrated renewable energy storage project aims to store excess solar energy available during the day through hydro pumps. The energy can be drawn during peak hours or night time when solar energy is unavailable.

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