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Summary:

The renewable energy industry has welcomed the Union Budget 2025-26, which focuses on clean electricity, domestic production, and sustainability. Key projects include ₹20,000 crore for nuclear energy, legislative measures to improve energy security, and ₹20,000 crore for the PM Surya Ghar Muft Bijli Yojana. Investments in grid-scale batteries, electrolysers, and solar self-reliance will spur innovation and cost-effective renewable energy solutions.

 

Experts emphasize customs duty exemptions for lithium-ion battery scrap and essential minerals, which will promote domestic recycling and raw material supply. Increased lending limits for MSMEs and startups will boost business growth. While welcomed, industry executives advocate for land reforms, grid security, and faster power purchase agreements to expedite India's renewable energy transition and sustainability.

 

Source: IBEF 

 

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