Rajasthan solar park pivotal to RMC’s commitment to green energy
RMC Switchgears Limited is to establish Rajasthan’s first-of-its-kind 1,000 MW Ultra Mega Solar Park with integrated battery storage at Jaipur.
With this project, RMC makes a strategic expansion into renewable energy and will play a key role in achieving the company’s growth objectives. It has signed an MoU with the State Government.
The project will take 2-3 years to execute and will play a part in meeting RMC’s target of implementing ~1 GW greenfield projects, with a blend of EPC & IPP arrangements, but also serves as a significant contributor towards the Vision 2030 goal of becoming a Rs.5,000 crore enterprise.
Once fully implemented, this enabling MOU will help RMC meet its 1 GW milestone, highlighting RMC’s capability and commitment to executing large-scale renewable energy projects, which aligns snugly with India’s ambitious green energy goals.
Beyond its strategic impact on RMC’s growth trajectory, this mega solar park is also expected to have a transformative effect on the local economy. The project will create ~2,000 direct jobs and will support socio-economic development in Rajasthan. The Government of Rajasthan has committed to facilitating all necessary approvals and clearances to ensure smooth and timely execution, with power generation anticipated to begin by 2026.
Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears, said on 11 Nov, “This Ultra Mega Solar Park project is a pivotal development for RMC, underscoring our commitment to India’s transition to greener and more sustainable energy sources.
“Beyond its environmental impact, the project will generate substantial employment opportunities, supporting economic growth. We are grateful to the Government of Rajasthan for their support and are excited to contribute to a cleaner, more sustainable future while fostering positive change in local communities.”
This development underscores RMC’s commitment to becoming a meaningful player in India’s renewable energy landscape, supporting the nation’s target of achieving 450 GW of renewable energy capacity by 2030. Through this and other initiatives, RMC Switchgears is positioning itself an important player in India’s green energy transformation, creating long-term value for stakeholders and promoting sustainable growth.
RMC Switchgears has recently expanded its focus to include renewable energy initiatives, particularly in solar and green energy EPC and IPP solutions, as part of its broader strategy to create value from India’s clean energy transition. Fiinews.com
