For initiatives involving renewable energy, storage, and green hydrogen, the state government of Rajasthan has signed Memorandums of Understanding (MoU) with a number of private sector and state-owned businesses. A total of at least $14.85 billion in investments were made by these companies.
Tepsol Sun Sparkle and Oil and Natural Gas Corp. (ONGC) would each invest INR 25,000 crore to build 5 GW and 5.2 GW renewable energy projects, respectively. A solar park will be built by GAIL for INR 7,250 crore, a 1.5 GW renewable energy and green hydrogen project by Aditya Birla Renewables for INR 6,000 crore, a 1.8 GW solar park by Malur Renewables for INR 5,090 crore, a 1 GW renewable energy plant by BPCL Ltd for INR 5,000 crore, and a 900 MW Bhankrota solar park project for INR 4,050 crore.
For INR 13,500 crore, Greenko Energies will construct a 2.65 GW off-stream closed-loop pumped storage facility. ReNew Power INR 10,000 crore, Semaliya Energy INR 9,700 crore (1.2 GW project), and ACME Cleantech Solutions INR 7,150 crore (1.5 GW project) and INR 2,800 crore are additional pump storage investments (600 MW project).
The Chiripal Group would invest INR 700 crore in the production of solar modules.