The upcoming interim budget may give a push to the renewable energy sector, in sync with the government’s plan to triple green energy capacity to 500 GW by 2030.
Industry players after interactions with the government functionaries are optimistic about increased allocations, particularly towards bio-energy, solar, and wind, along with higher budgetary capital expenditure in green hydrogen and battery storage infrastructure.
In addition, an extension of the existing schemes including the Production Linked Incentive for renewable manufacturing and viability gap funding for battery storage are expected.
