Daily News Wrap-Up: Budget 2025 Halves Solar Module Duty to 20%
India’s installed wind capacity in Q4 2024 rises to 45% YoY
February 3, 2025
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
Finance Minister Nirmala Sitharaman reaffirmed the government’s commitment to strengthening domestic value addition and enhancing India’s manufacturing ecosystem for solar cells and modules, electric vehicles, lithium-ion batteries, and high-voltage transmission equipment. The Budget saw revisions in estimates for various energy programs. The allocation for the total solar sector has increased from ₹150.61 billion (~$1.73 billion) to ₹242.24 billion (~$2.79 billion). The National Green Hydrogen Mission’s funding was raised from ₹3 billion (~$34.6 million) to ₹6 billion (~$69.24 million).