UAE, Rajasthan government sign MoU to explore 60GW renewable energy investment

The agreement will look at solar, wind and hybrid energy opportunities in the western district of Rajasthan.

The partnership builds upon the wider investment cooperation established between the UAE Ministry of Investment and the Ministry of New and Renewable Energy of India in which the development of such a project was first outlined.

The investment memorandum was signed by Mohamed Hassan Alsuwaidi, UAE Minister of Investment, and Ajitabh Sharma, Principal Secretary of Industries in the Government of Rajasthan.

The agreement aims to bring in best-in-class renewable energy technologies to build a long-term plant serving critical energy needs in the state.

The UAE will appoint an appropriate developer to implement this landmark initiative, in close collaboration with relevant Indian authorities.

“Meeting tomorrow’s energy needs through sustainable and renewable methods is essential. The UAE remains at the forefront of an ambitious diversification agenda, with energy transition as a key pillar,” Mohamed Alsuwaidi said.

“This project highlights our unwavering commitment to advancing clean energy solutions,” he said.

Alsuwaidi said Rajasthan, with its favourable climate and vast landmass, offers the ideal environment for this initiative, serving as a testing ground for innovative technologies that will shape the future of energy.

Sharma said India is steadfast in its commitment to a sustainable energy future, and partnerships like this one with the UAE playing a crucial role will help in achieving the country’s goals.

“By leveraging Rajasthan’s natural advantages, this project will not only accelerate our energy transition but also serve as a model for innovation in renewable energy.

“Together, we are forging a path towards a greener, more sustainable world,” he said.

The project is part of the ambitious clean energy goals drawn up by both countries in recent years.