New Delhi, July 12 -- Bihar has launched a bold new renewable energy (RE) policy aimed at attracting investments worth Rs.1.5 trillion. The policy targets nearly 24GW of renewable energy capacity and 6GWh of energy storage by the end of FY2029-30.

This is the estimated investment that renewable energy developers (both public and private sector companies) would make to set up the nearly 24GW capacity.

The policy includes sweeping reforms to fast-track project approvals, lower developers' costs, and provide incentives for clean energy manufacturing and electric vehicle (EV) charging infrastructure.

The energy mix will include solar, wind, hybrid, biomass and waste-to-energy.

"According to the Central Electricity Authority (CEA), Bihar n...