Rajasthan could save up to ₹8,500 crore in power procurement costs by 2030 by adopting renewable energy backed by battery storage instead of adding new coal-based generation capacity, according to a study by the Council on Energy, Environment and Water (CEEW).
The study estimates that the renewables-plus-storage pathway could generate net power procurement savings ranging from ₹1,140 crore to ₹8,500 crore by 2030.
State electricity distribution companies could also potentially earn nearly ₹3,500 crore in additional revenue by selling surplus electricity through power exchanges.
The analysis highlights the importance of energy storage in meeting Rajasthan’s future electricity requirements. Nearly 90% of the state’s projected 5.5-billion-unit power deficit is expected to occur during non-solar hours, creating a need for flexible resources such as battery storage and other fast-ramping technologies.
The renewable energy and storage pathway could attract around ₹60,000 crore in investment over five years. In comparison, an expansion strategy based on new coal capacity is estimated to attract approximately ₹40,000 crore.
CEEW’s analysis also indicates a difference in overall system costs. Under the clean-energy pathway, Rajasthan’s power system costs in 2030 are projected at around ₹61,800–65,900 crore.
Under a new coal expansion scenario, the corresponding system costs are estimated at approximately ₹67,100–70,300 crore.
Beyond potential power-cost savings, investment in renewable energy and storage could provide economic and employment benefits. The clean-energy pathway is estimated to create nearly 27,000 jobs while supporting the development of renewable power and battery-storage infrastructure.
The findings highlight the potential role of renewable energy combined with storage in meeting Rajasthan’s electricity demand, particularly outside solar-generation hours, while reducing procurement costs and attracting additional clean-energy investment.