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Daily News Wrap-Up: Solar Sector’s Budget 2024 Wishlist

MNRE incentives to DISCOMs under PM Surya Ghar program

July 22, 2024

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With India’s aggressive clean energy push likely to sustain the momentum it has seen in recent years, all eyes are on the Union Budget 2024 to be presented by Finance Minister Nirmala Sitharaman on July 23. Stakeholders in the solar and other clean energy sectors have a long wish list from the Budget for the industry to help India achieve the ambitious target of 500 GW of renewable energy capacity by 2030 and net-zero emissions by 2070. The expectations range from tax rationalization and policy reforms to financial incentives to boost growth and foster innovation. Kishor Nair, Chief Executive Officer of Avaada Energy, said, “The upcoming Budget is pivotal in propelling the nation’s green agenda, unlocking investments, streamlining policies, and accelerating the transition towards sustainable practices.”

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