Rajasthan FM Diya Kumari Unveils Solar Energy Initiatives

12 Jul 2024 CW Team

Rajasthan's Finance Minister, Diya Kumari, unveiled significant measures to promote solar energy in the state budget. These initiatives aim to position Rajasthan as a leader in renewable energy and drive sustainable development.

The first major announcement is the establishment of a 2000 MW solar park in Jodhpur. This project is expected to attract substantial investment and generate employment opportunities while significantly boosting the state's solar energy capacity.

Secondly, Kumari announced a subsidy scheme for rooftop solar installations. Homeowners and businesses installing solar panels will receive financial assistance, encouraging widespread adoption of solar power. This move is aimed at reducing electricity costs and increasing the share of renewable energy in the state's power mix.

The third initiative involves setting up solar-powered irrigation systems for farmers. This scheme will provide subsidies for installing solar pumps, helping farmers reduce their dependence on conventional electricity and diesel. This not only promotes sustainable agriculture but also reduces the carbon footprint of farming practices.

Lastly, Kumari highlighted plans to develop a solar energy training center. This center will offer courses and training programs to equip the local workforce with skills in solar technology and installation. By fostering a skilled labor pool, the state aims to support the growing solar industry and ensure the successful implementation of its renewable energy projects.

These announcements underscore Rajasthan's commitment to harnessing solar energy, reducing carbon emissions, and promoting economic growth through sustainable practices. The initiatives are expected to have a long-term positive impact on the state's energy landscape and contribute to India's overall renewable energy goals.

Real Estate

17 Sep 2025

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets

Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..

Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, ..

Numaligarh Refinery Awards EPC Contract for Rooftop Solar Projects

State-owned Numaligarh Refinery Ltd. (NRL) has awarded a Letter of Award to Solarium Green Energy Ltd. for the rate contract covering the Engineering, Procurement, and Construction (EPC) of grid-connected rooftop solar PV projects at various locations. The projects fall within the categories of 51–200 kW and 201–1000 kW. Notable projects include a 140 kW rooftop solar plant at NRL Assam, a 760 kW plant at NRL Assam, and a 280 kW plant at NRL West Bengal.The supply order covers ex-manufacturing works and the dispatch price for plant and equipment for the 140 kW, 760 kW, and 280 kW rooftop s..