India's 2025 Budget: Boosting Renewables and Green Infrastructure
Key Ideas
- Focus on expanding PLI scheme for solar value chains and increasing funding for renewable energy projects like PM Suryaghar Muft Bijlee Yojana.
- Increased capital expenditure expected for solar, wind, green hydrogen, and battery storage infrastructure to meet industry demands and promote sustainability.
- Emphasis on addressing grid and transmission challenges, accelerating green energy transition, and enhancing climate-resilient infrastructure.
- Industry expectations include streamlining rooftop solar projects, incentivizing battery adoption, and improving grid stability with digital solutions.
India's upcoming 2025 Budget is poised to prioritize renewable energy and green infrastructure, reflecting the government's commitment to sustainability. The government plans to expand the production linked incentive (PLI) scheme for solar value chains and boost funding for projects like the PM Suryaghar Muft Bijlee Yojana, which has already seen substantial success. Additionally, there will be increased capital expenditure for solar, wind, green hydrogen, and battery storage infrastructure to align with industry demands and recommendations from the Ministry of Power and Renewable Energy. Viability Gap Funding (VGF) for offshore wind projects, measures to tackle grid challenges, and investments in grid stability and digital solutions are also on the agenda. The industry is keen on advancing battery energy storage systems (BESS), improving grid stability, and leveraging AI and smart meters. Further expectations include streamlining rooftop solar projects, promoting battery adoption over diesel generators, and enhancing climate-resilient infrastructure, particularly in urban areas with high power demand growth rates. Overall, the Budget aims to accelerate the green energy transition and strengthen sustainable development in India.
Topics
India
Renewable Energy
Government Policy
Sustainable Development
Power Sector
Infrastructure Investment
Industry Demands
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