Is the Union Budget 2025 a pivotal moment for India's solar energy growth?

Saurabh Marda, Co-founder and Managing Director, Freyr Energy, stated, "The Union Budget 2025 is a pivotal moment for India's solar energy growth. Last year was a landmark year for the residential solar sector. It witnessed unprecedented growth driven by the government’s PM Surya Ghar Muft Bijli Yojana.

Why should India invest in ih2a in 2025?

The recommendations made by IH2A are intended to support the growth and development of India’s green hydrogen economy.” Naveen Munjal, Director - Business Development and Commercial, Apraava Energy, commented, “Budget 2025 is an opportunity for India to expand the scope and accelerate the ongoing energy transition, on several important fronts.

How can the government make the energy sector more viable?

We would like to see the government make the Energy sector more viable by expanding the RDSS reforms programme by including smart metering in infrastructure definition. This would direct more financing for a sector which seeks to bring down India’s T&D losses to 12% and improve recovery for state utilities.

Can the Union budget boost India's movement towards a cleaner and greener future?

Udit Garg, Managing Director and CEO, Kundan Green Energy, expressed, "The forthcoming Union Budget can be a key opportunity to boost India's movement towards a cleaner and greener future. To maintain this momentum, an encouraging tax policy would be the need of the hour.

How can government subsidies improve performance?

bsidy applications and disbursement could significantly reduce delays and improve transparency. Additionally, subsidies should increasingly reward output and effi er than just capital expenditure, encouraging better performance and sustainability.ConclusionGovernment subsidies have play

Will India continue to import polysilicon & wafer to make solar panels?

Driven by these incentives, domestic manufacturing capacity for solar panels is expected to rapidly increase over the next five years and be sufficient to meet the domestic demand thereafter.27  However, India may need to continue to import polysilicon and wafer, which are needed to make solar panels.27,