The current budget continues to reflect the government’s focus on energy transition through a list of additional initiatives like:
The Union Budget 2024 has made a strong commitment to India’s clean energy future, showing significant progress towards sustainable energy solutions.
Import of solar glass will attract 10% customs duty from October. Further, the list of exempted equipment for solar cell and panel production has
A policy for promoting pumped storage projects will be brought out for electricity storage and facilitating smooth integration of renewable energy
The exemption hasn’t been extended for solar glass and tinned copper interconnects as there’s enough domestic manufacturing capacity.
The official said that Karnataka, along with other states, has demanded that the Centre subsidise the cost of setting up pumped power storage facilities.
