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Showing posts with the label Power Sector in India

Solar Energy and the Union Budget 2023 - An Overview:

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India is growing, and with development comes the requirement of making the country more dependent on solar energy . India is driving exponential growth in the sector, but we still need to reach the 2030 target. The current scenario and Union Budget: Solar Energy holds a considerable share of approximately 36% of India's installed renewable energy capacity. On the other hand, Hydropower plants and wind energy have 31 and 25 per cent of shares, respectively.   The government is trying to help the sector with different policies and reductions in the prices of raw materials, which have led to a tremendous increase in the overall capacity the previous year, but a lot more is needed to meet the required needs.   Here are some of the highlights of this year's budget that will impact the solar sector in India:   ●      The Union Finance Minister of India allocated Rs 10,222 crore for the renewable energy sector. A huge amount of this allocation ...