As India continues its journey toward achieving net-zero carbon emissions by 2070, the upcoming Union Budget 2025 is expected to include a focused plan to push the renewable energy transition. Here’s a look at expectations that could change the renewable future.
One major area of focus is rooftop solar installations under the PM Surya Ghar Yojana, which targets to provide free electricity for up to 300 units for one crore households.
A more powerful vendor network and more consumer knowledge are important for guaranteeing high-quality installations. Rooftop solar systems can be more affordable with financial assistance through subsidies, low-interest loans, or more transparent financial arrangements.
Another top objective is updating the National Solar Portal to minimize technical glitches and improve project execution.
Experts anticipate the extension of customs duty concessions for importing battery energy storage systems (BESS). These systems are essential for storing renewable energy and its optimal use.
Additionally, training programs targeted to address the talent gap in the solar, wind, and green hydrogen industries are expected to prompt employment and project efficiency.
The government may also increase support for the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME III) program to strengthen green transportation networks. Also, the EV industry will advocate GST parity for better adoption and minimize production costs.
These measures are likely to increase renewable energy capacity, reduce carbon emissions, and increase the adoption of sustainable energy solutions.
By addressing the financial, technical, and infrastructural challenges in the renewable energy sector, Budget 2025 has the potential to accelerate India’s clean energy transition and make the way for a sustainable future.
These steps will strengthen India’s position as a global leader in renewable energy and help balance environmental conservation with economic growth.
Source:
0 Comments