'Solar Energy Transition' comes in Union Budget 2022, India
Solar Energy has its proper ‘place in the Budget of 2022, the Green Energy Transition, everything it needs has been placed in government concern.
Power Minister RK Singh has said that the government focused on the Solar Energy sector, and the future aspect of power should be based on the sources of energy that cause lower emissions or none.
Highlighted Points
- Power Minister said that the government should have its vision should close to Solar Energy.
- The minister said that we have a huge challenge of Energy Transition and we should deal with it.
- Singh revealed that the government in the future will also bring the battery swapping policy.
Read More: 'Digital Rupee' of India, says Nirmala Sitharaman in 2022-2023 'Union Budget'
Union Minister of Power Department has said that the government has included the topic of Solar Energy and hence it has given 19,500 crores to boost the Solar Sector which includes domestic solar equipment manufacturing by up to 45 gigawatts (GW), such equipment is the need for the Transition of Solar Energy.
Nirmala Sitharaman said the Budget has provided 19,500 crores to Production – linked incentive (PLI) scheme for Solar cells and Modules manufacturing domestically.
This initiative will raise the production and under the scheme of PLI now the Transition will get more strengthened. As earlier the budget was Rs. 4,500 crores and now changed to Rs. 24,000 crore, the additional increase amount of Budget will translate into creating additional energy of 45 GW in the country.
Singh also advised the government as it should move more close to the lower emission source of energy and such energy can be obtained by Solar Panels. He added “we need to do two things, first we need to produce Solar Equipment here (India) which is imported. The government has provided additional Rs. 19,500 crore for PIL fort Solar manufacturing.”
He also said that this budget will of course help to increase the production of Energy as earlier we were manufacturing only 40 GW, and now it has been changed into 45 GW. He also said that the government has increased its focus on the sector. The government of India has a goal to produce 280 GW installed solar capacity by 2030.
The minister told that the government also has been focusing on the alternative source of energy as it has also researched manufacturing and developing energy based on Hydrogen fuel.
He also revealed that the government will also bring out the battery-swapping policy and make green mobility zones.
