Gujarat, Rajasthan Lead India's Renewable Energy Investment Surge Since 2020.

Gujarat and Rajasthan have emerged as the prime destinations for renewable energy investments in India, attracting over half of the total capital infused into the sector since 2020. This is despite the two states collectively hosting just over one-third of the country's total installed renewable energy capacity.

Data from the Ministry of New & Renewable Energy (MNRE) reveals that the total investments in the renewable energy sector, encompassing solar, wind, small hydro, large hydro, nuclear, and bio energy, neared ₹4 lakh crore during the five-year period ending in the 2024 calendar year.

Significantly, Gujarat and Rajasthan, while possessing a substantial portion of India's renewable energy infrastructure, captured a disproportionately large share of this investment. This indicates a strong preference from investors for projects and opportunities within these two states.

This concentration of investment underscores the favorable policy environment, infrastructure, and resource availability that Gujarat and Rajasthan offer for renewable energy development, making them key drivers in India's clean energy transition.

HBL