India's Green Energy Boost: 2025 Budget Plans for Sustainable Growth
Key Ideas
  • 2025 Budget in India focuses on boosting renewable energy and green infrastructure, with incentives for battery component manufacturing for EVs.
  • Expansion of the PLI scheme for solar power, increased funding for renewable energy projects, and support for green hydrogen and battery storage systems.
  • Initiatives include extending the PM Suryaghar scheme, offering Viability Gap Funding for offshore wind projects, and advocating for battery energy storage systems.
  • Government's commitment to sustainable growth is evident through efforts to meet power demands, integrate AI and smart meters, and enhance climate-resilient infrastructure.
The Indian government is gearing up for the 2025 Budget with a strong focus on boosting renewable energy and green infrastructure. A key aspect of the upcoming budget is the incentive plans aimed at enhancing battery component manufacturing for electric vehicles (EVs), which will play a crucial role in accelerating India's shift towards clean energy. The government is set to expand the Production Linked Incentive (PLI) scheme for solar power and allocate increased funding towards renewable energy projects like the PM Suryaghar Muft Bijlee Yojana. These initiatives will not only bolster the solar and wind energy sectors but also lend support to green hydrogen and battery storage systems, while addressing challenges related to grid and transmission. Additionally, there are proposals to extend the PM Suryaghar scheme to encompass more households and provide Viability Gap Funding (VGF) to incentivize offshore wind energy projects. Industry stakeholders are pushing for incentives to promote battery energy storage systems (BESS), advocate for battery usage over diesel generators, and streamline rooftop solar installations. These strategic steps underscore the government's dedication to meeting the increasing power demands of the nation while fostering sustainable growth. By incorporating technologies like AI, deploying smart meters, and fortifying climate-resilient infrastructure, India is poised for a cleaner and greener energy future.
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