Rajasthan is fast emerging as the solar hub after becoming the first State to develop 10 GW power capacity. The public sector Rajasthan Renewable Energy Corporation (RREC) has earned a record profit before tax (PBT) of ₹65 crore during 2021–22.
Additional Chief Secretary (Energy) Subodh Agarwal said in Jaipur on Monday the RREC’s profit was more than two times in comparison with 2019–20 and more than the profit of ₹20 crore earned in 2020-21. The State would emerge as the biggest solar hub with the memorandums of understanding and letters of intent signed in the last financial year, he said.
Among the agreements signed under the “Invest Rajasthan” campaign, the MoUs and LoIs worth ₹8 lakh accounted for the energy sector alone, said Mr. Agarwal. According to a report released by the Centre, Rajasthan occupies the top position with 10,506 MW share in the country’s 49,346 MW solar energy capacity.
Mr. Agarwal said the State was marching ahead in the field of rooftop solar energy production as well. Of the State’s 10,506 MW solar power capacity, 9,542 MW is ground–mounted, 668 MW is rooftop and 296 MW has been developed in off–grid sector.
