Key Points
During the Interim Budget announcement, Finance Minister Nirmala Sitharaman announced a 102% increase in allocation for green hydrogen and a doubling of the allocation for solar power, setting a clear course for achieving its ambitious green energy goals..
Aditi Bhosale Walunj, Founder and CVO, Repos Energy, said, The Government of India is taking active steps in this direction with the National Green Hydrogen Mission..
Presenting the interim budget for FY25, Sitharaman said: Viability gap funding will be provided for harnessing offshore wind energy potential for the initial capacity of 1 gigawatt.".
Compared to onshore, offshore projects currently are significantly costlier from the cost of energy perspective, and the VGF announced in this years budget will aid in lowering power generation costs to ensure power offtake from these projects, as well as instil confidence among wind players towards investing in offshore technologies..
The allocation of a 1 lakh crore corpus for interest-free financing for R&D in sunrise domains the emerging industries of innovation will prove a milestone in climate action of India, as per Manish Dabkara, chairman and MD EKI Energy.. Heres your comprehensive 3-minute summary of all the things Finance Minister Nirmala Sitharaman said in her Budget speech: Click to download!..
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