Budgetary Boost for Solar Energy: Green Hydrogen and Bio-Energy on the Rise
Key Ideas
- The Union Budget 2025-26 increased total allocation for the solar energy sector by 60.83%, with PM Surya Ghar Muft Bijli Yojana receiving the largest share at INR 20,000 crore.
- The focus on green hydrogen is evident with an allocation doubling to INR 600 crore to make India a global hub for production, usage, and export.
- Bio-energy segment also witnessed a 75.68% increase in allocation with INR 325 crore, reflecting a push towards sustainable energy sources.
- The government's emphasis on clean energy solutions is highlighted through various budgetary allocations in the renewable energy sector, aligning with India's goal of self-sufficiency in clean energy production.
The Union Budget 2025-26 has announced a substantial increase in the total allocation for the solar energy sector, marking a 60.83% rise to INR 24,224.35 crore. The PM Surya Ghar Muft Bijli Yojana has been allocated a significant share of INR 20,000 crore, showing an 80.18% increase from the previous year. This scheme, launched by Prime Minister Narendra Modi, aims to provide free electricity to one crore households through rooftop solar installations. The budget also reflects the government's emphasis on green hydrogen, doubling the allocation to INR 600 crore to position India as a global leader in green hydrogen production, usage, and export. Additionally, the bio-energy segment saw a notable increase of 75.68% in allocation, amounting to INR 325 crore. The government's focus on sustainable and clean energy solutions is further evident in the allocations for wind power, hydro power, and the green energy corridor. The budgetary decisions align with India's vision of becoming self-sufficient in clean energy and driving the global Clean Energy Transition.
Topics
India
Policy
Green Hydrogen
Renewable Energy
Clean Energy
Government
Electricity
Solar Energy
Budget Allocation
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