Budget’s focus on solar power underscores commitment to energy transition goals - Moneycontrol
Budget’s focus on solar power underscores commitment to energy transition goals
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The Union Budget for FY2025 continues its focus on green energy and commitment towards achieving energy transition in the long run. The announcement of increased allocation for the solar power sector including for the PM Surya Ghar Yojana is expected to aid the renewable energy (RE) capacity addition in the country. Also, measures to promote the availability of critical minerals are expected to support the development of battery energy storage projects and reduce the cost of storage,
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Related Knowledge Center: ENERGY BASICS: solar
Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.