Evolution India 5th February, 2026

Union Budget 2026–27 Sparks Industry Optimism with Big Push for Energy Storage and Battery Manufacturing

Finance Minister Nirmala Sitharaman announces the Union Budget 2026-27, setting the tone for economic policy and public spending in the coming year. The industry welcomes the significant push for energy storage and battery manufacturing, including the INR 40,000 crore ECMS enhancement, explicit BCD exemptions for BESS, dedicated Rare Earth Corridors across Odisha, Kerala, Andhra Pradesh and Tamil Nadu, ISM 2.0 for semiconductor manufacturing, three Chemical Parks for battery chemicals, and deployment of 4,000 electric buses in the Northeast.

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Solar Quarter 5th February, 2026

Union Budget 2026–27 Reinforces India’s Renewable Energy Push With Focus On Storage, Manufacturing, And Financing

The Union Budget 2026–27 has placed strong emphasis on India’s clean energy transition, with a clear focus on renewable energy, domestic manufacturing, energy storage, grid infrastructure, and long-term financing. Industry reactions indicate broad appreciation for the government’s intent to provide policy stability while strengthening India’s position as a global clean energy hub.

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Industry Wired 5th February, 2026

India Budget 2026

Budget 2026 earmarks Rs. 32,915 crore for green energy, up 30%. Key moves include Rs 22,000 crore for P, Surya Ghar rooftop solar and tax cuts on solar glass and battery parts to boost local manufacturing and lower household electricity bills.

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Solar now 5th February, 2026

Union Budget 2026-27 Unveils INR 20,000 Cr CCUS Plan, Customs Relief for Solar and Storage – Energetica India Magazine

Budget 2026-27 announces INR 20,000 crore for CCUS, extends nuclear import exemptions, boosts battery storage and mineral processing, and restructures PFC-REC to strengthen energy security and clean-tech manufacturing.

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PV Magazine 5th February, 2026

India’s Union Budget 2026–27 removes customs duty on solar glass inputs, lithium battery cell machinery, and critical minerals processing equipment

India’s Union Budget 2026–27 extends basic customs duty (BCD) exemptions on the import of capital goods used for lithium-ion cell production for battery energy storage systems (BESS), as well as capital goods required for processing critical minerals.

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Renewable Watch 5th February, 2026

Budget 2026 Reactions: Views of clean energy industry stakeholders

The Union Budget 2026-27 aims at strengthening clean energy development, clean technology manufacturing, lithium-ion battery production, and tariff rationalisation.

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