Renewable Energy Sector Awaits Significant Budget Support in India
Tuesday, 23 July 2024, 05:17
Budget Incentives for Renewable Energy
The Indian government is expected to announce significant budget incentives to bolster the renewable energy sector.
Key Areas for Support
- Increased viability gap funding for battery storage systems.
- Enhanced support for offshore wind plants.
- Investments in solar energy technologies.
According to JM Financial, these initiatives are designed to help achieve the nation's 500 GW target by 2030.
Market Implications
With shares of companies like Tata Power, Waaree Renewables, and Suzlon Energy in focus, investor interest is likely to surge in anticipation of the budget announcements.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.