Sources said these proposals figured not only in the Budget wish list of the industry, but also in the recommendations of the ministries of power and renewable energy to the finance ministry. While the government has launched the rooftop solar scheme and announced viability gap funding for offshore wind projects, industry players expect increased allocations, particularly towards solar and wind, along with higher budgetary capital expenditure in green hydrogen and battery storage infrastructure. The sector also expects the government to increase the coverage of households under PM Surya Ghar.
"Given the success of PM Surya Ghar scheme with almost 600,000 installations in just nine months since its launch, one could probably see additional allocation to target more households," said Ashwin Jacob, Partner and Energy, Resources & Industrial Industry Leader, Deloitte India.
"As far as evacuation of power from offshore wind projects is concerned, we would want to see the VGF or budgetary support to continue or get enhanced," he added.
"We hope to see a decisive increase in funding to accelerate the green energy transition. Priorities must include scaling renewable energy by addressing grid and transmission challenges, advancing battery energy storage systems (BESS) for grid stability and reliable power, doubling energy efficiency and digitalising the energy sector through AI, smart meters, and data-driven solutions. Streamlining rooftop solar programme with simplified approvals, financing, and monitoring is equally vital," said Saurabh Kumar, vice president - India, Global Energy Alliance for People and Planet (GEAPP).
This story is from the January 10, 2025 edition of Financial Express Chandigarh.
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This story is from the January 10, 2025 edition of Financial Express Chandigarh.
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