In Short : Bihar unveiled a renewable energy policy targeting ₹1.5 lakh crore investments and 50,000+ jobs. The solar-focused plan aims to develop 3GW capacity by 2027 through subsidies, land banks, and faster clearances. This will help bridge Bihar’s 7.5GW peak demand while supporting India’s 500GW national RE target. First solar tenders expected by Q3 2024-25.
In Detail : Bihar has taken a significant step toward energy transformation with the launch of its new renewable energy policy. The ambitious framework aims to position the state as an attractive destination for green energy investments while addressing its growing power needs. With a clear focus on solar energy, the policy sets out to revolutionize Bihar’s energy mix and create substantial economic opportunities.
The state government projects the policy will attract investments worth ₹1.5 lakh crore, a game-changing sum for Bihar’s economy. These funds are expected to flow into utility-scale solar parks, rooftop installations, and agricultural solar pump systems. The investment surge could help bridge the state’s current energy deficit while reducing dependence on fossil fuel-based power generation from other states.
A major highlight of the policy is its employment generation potential, estimated at over 50,000 jobs across various skill levels. These opportunities will span project development, manufacturing, construction, and ongoing operations and maintenance. The job creation aspect is particularly significant for Bihar, where renewable energy could become a new growth engine for economic development and skilled employment.
The first phase targets 3 GW of renewable energy capacity by 2027, focusing primarily on solar projects. To achieve this, the policy introduces several developer-friendly measures including simplified clearances, land bank provisions, and financial incentives. Special emphasis is being placed on solarizing government buildings and agricultural feeders to maximize impact across sectors.
Industry stakeholders have responded positively but are seeking clarity on implementation details. Key concerns include payment security mechanisms for developers and strengthening the state’s power evacuation infrastructure. The government has assured the establishment of a dedicated renewable energy cell to promptly address such operational challenges and ensure smooth execution.
This policy marks a strategic move by Bihar to align with India’s national 500 GW renewable energy target while addressing its own energy security needs. With the first solar tenders expected in coming months, the state is poised to make significant progress in its transition to cleaner energy sources and more sustainable development.
