Make in Maharashtra New and Renewable Energy Policy 2024-2030

Leading India’s Clean Energy Future

Maharashtra, as one of India’s most industrialized and progressive states, is at the forefront of the nation’s renewable energy transition. With increasing energy demands and the urgent need to decarbonize, Make in Maharashtra aims to transform the state into a leader in clean energy. The Maharashtra New and Renewable Energy Policy 2024 sets the foundation for Maharashtra to harness its abundant renewable energy (RE) resources, drive sustainable growth, and lead India’s journey toward energy security and environmental sustainability.

Maharashtra recognizes that energy transition must be inclusive and equitable. As industries and governments embark on this transformation, the state is committed to creating new job opportunities, especially for the youth and working population, by fostering skill development in the renewable energy sector.

Vision for 2030: Maharashtra as a Global Leader in Renewable Energy

By 2030, Make in Maharashtra envisions the state as a global powerhouse in renewable energy, contributing significantly to India’s ambitious Net Zero targets and global climate commitments. The key elements of this vision include:

Harnessing 50 GW of renewable energy capacity across diverse RE technologies, including solar, wind, hydro, biomass, and green hydrogen.
Creating a strong ecosystem of RE infrastructure, fostering domestic manufacturing of RE technologies, and promoting energy storage systems for grid reliability.
Building a skilled workforce by training 50,000+ individuals in cutting-edge RE technologies, ensuring that Maharashtra is equipped to lead the next generation of energy innovation.
Establishing Maharashtra as a green energy investment destination, attracting ₹75,000 crores in renewable energy investments, fostering a green economy, and creating direct and indirect employment opportunities.

Mission: Building Maharashtra’s Clean Energy Ecosystem

Make in Maharashtra is committed to creating a robust and self-sustaining clean energy ecosystem that accelerates the state’s transition to renewable energy, promotes energy security, and ensures sustainable growth. The key missions of the Maharashtra New and Renewable Energy Policy 2024 are:

Achieving energy sovereignty through large-scale adoption of clean energy alternatives, ensuring that industries, businesses, and households across the state benefit from green energy sources.
Fostering innovation in green hydrogen, battery energy storage, and waste-to-energy technologies to create a diversified energy mix that supports both grid-based and captive consumption.
Promoting renewable energy manufacturing by encouraging investments in solar PV cells, wind turbines, energy storage, and green hydrogen technologies, ensuring Maharashtra plays a critical role in global renewable energy supply chains.
Attracting international and domestic investments in renewable energy projects by offering attractive incentives, streamlined regulatory processes, and a business-friendly environment.

Key Objectives: Maharashtra’s Path to Renewable Energy Leadership

The Maharashtra New and Renewable Energy Policy 2024 outlines several strategic objectives aimed at positioning Maharashtra as a global leader in renewable energy:

Decarbonizing Maharashtra’s Energy Sector: By accelerating the adoption of clean energy alternatives, the state will reduce its carbon footprint, support the country’s Net Zero commitments, and ensure a sustainable future for the next generation.
Harnessing Maharashtra’s Renewable Energy Potential: The policy aims to tap into Maharashtra’s solar, wind, hydro, and biomass resources to develop commercially viable projects for both grid-based electricity and captive consumption by industries.
Fostering a Strong Renewable Energy Ecosystem: The state will create a conducive environment for the development of energy storage projects, including battery storage, pumped storage hydro, and green hydrogen solutions, ensuring grid reliability and energy security.
Promoting Innovation in New and Emerging RE Technologies: Maharashtra will lead the charge in green hydrogen, floating solar, waste-to-energy, and other innovative technologies, positioning the state as a pioneer in renewable energy R&D.
Building a Skilled Workforce: The policy will focus on creating skilled and semi-skilled manpower for the RE sector, ensuring that Maharashtra has the human capital required to lead the green energy revolution.

Strategic Focus Areas: Powering Maharashtra’s Green Energy Future

Developing a Diverse and Resilient Renewable Energy Infrastructure

Maharashtra will encourage the development of large-scale solar, wind, and hydro projects, alongside new technologies like floating solar, canal-top solar, and green hydrogen production. The state aims to develop 50 GW of RE capacity by 2026, ensuring a reliable and resilient energy supply that supports industrial growth, urbanization, and energy-intensive sectors.

Establishing Energy Storage and Green Hydrogen Infrastructure

To ensure the integration of intermittent renewable energy into the grid, Maharashtra will promote the development of energy storage systems and green hydrogen projects. These technologies are critical for balancing grid stability, supporting round-the-clock renewable energy, and powering future mobility with green hydrogen. The state will also lead efforts in green ammonia production, helping decarbonize industries like steel, cement, and chemical manufacturing.

Promoting Renewable Energy Manufacturing and R&D

Maharashtra will drive domestic manufacturing of renewable energy components, such as solar modules, wind turbines, and battery systems. The policy will incentivize investments in RE manufacturing facilities and support R&D hubs dedicated to developing next-generation energy technologies. By fostering a local RE supply chain, Maharashtra will not only meet its own energy needs but also contribute to India’s renewable energy export market.

Training and Employment Generation in Renewable Energy

To ensure an equitable transition, Make in Maharashtra will focus on skill development in the renewable energy sector. Training programs will be established to create 50,000+ skilled professionals in areas like solar energy installation, wind turbine maintenance, energy auditing, and green hydrogen production. The goal is to empower Maharashtra’s workforce to lead in the global energy transition.

Attracting Global Investments in Renewable Energy Projects

Maharashtra will actively attract domestic and international investments by offering comprehensive incentives, such as tax exemptions, capital subsidies, and reduced cross-subsidy charges. The state will facilitate a business-friendly environment by streamlining project approvals through a Single Window Clearance system, making Maharashtra the top choice for global green energy investments.

Incentives for Renewable Energy Projects

The Maharashtra New and Renewable Energy Policy 2024 provides a range of incentives to promote investments in renewable energy projects:

Incentive Type	Details
Electricity Duty Exemption	50 paise per unit exemption on Electricity Duty for captive/open access consumers of RE projects for 15 years. If commissioned before 31.03.2026, the exemption extends to 20 years.
Cross-Subsidy Surcharge Exemption	50% exemption on cross-subsidy surcharge for open access consumers of RE projects for 15 years.
STU Charges Exemption	20 paise per unit exemption on State Transmission Utility (STU) charges for RE consumers, extended to 20 years for projects commissioned before 31.03.2026.
Wheeling Charges Exemption	25% exemption on wheeling charges for 15 years for RE projects.
Stamp Duty and Land Conversion Exemption	100% exemption on stamp duty, land conversion, and registration charges for RE projects.
Energy Storage Incentives	Electricity Duty exemption on input energy for energy storage projects for 15 years.
Government Land for RE Projects	Priority allocation of government land at concessional rates for RE projects, with leases available for 30-35 years.

Ease of Doing Business: Simplified Approvals and Regulatory Support

Maharashtra is committed to ensuring ease of doing business for renewable energy developers. A Single Window Committee, led by the Principal Secretary of the Department of Energy, will streamline project approvals for RE projects under 50 MW, while larger projects will be referred to higher committees for swift approvals. This system ensures fast-tracked approvals, minimal regulatory hurdles, and robust monitoring of project implementation.

Conclusion: Maharashtra Leading India’s Renewable Energy Future by 2030

The Maharashtra New and Renewable Energy Policy 2024 is a bold and forward-looking initiative designed to position Maharashtra as India’s renewable energy leader. By driving investments, fostering innovation, and building a skilled workforce, Maharashtra will lead India’s transition to a clean energy future, contributing to global climate goals and energy security.

Make in Maharashtra invites global investors, clean energy innovators, and renewable energy pioneers to join this transformative journey and help build a sustainable, green future for India.

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About Make in Maharashtra

The Make in Maharashtra is a Public Benefit Corporation (PBC) with a mission to establish Maharashtra as a key player in international economic collaboration, focusing on strategic partnerships with nations like USA, Europe, Australia, African Union, KSA, China, India, Qatar, Saudi Arabia, Türkiye, and the UAE across vital sectors such as energy, technology, agriculture, and finance. Our goal is to integrate lessons from successful global economic models, adopting best practices to ensure sustainable and inclusive growth. We aim to enhance economic prosperity and diversification, contribute to societal progress, and promote sustainable economic practices. By leveraging Maharashtra’s unique position, Make in Maharashtra strives to drive substantial economic growth, spur innovation, and solidify Maharashtra’s stature in the international economic arena, resonating with the government’s vision of a technologically advanced and interconnected economy.