India's Renewable Energy Sector Calls for Policy Support Ahead of Union Budget 2026
As India prepares for the Union Budget 2026, industry leaders are urging for enhanced policy support to maintain progress toward clean energy goals, including a target of 500 GW of non-fossil fuel capacity by 2030. With investments in renewable energy reaching approximately ₹2 trillion and total capacity exceeding 260 GW, key areas of focus include incentives for domestic manufacturing, streamlined regulations, and support for energy storage and green hydrogen. The upcoming budget is deemed crucial for fostering growth and establishing India as a leader in the renewable energy sector.
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As India approaches the Union Budget 2026, industry leaders stress the need for policy support to sustain momentum toward clean energy targets. Investments in renewable energy have reached approximately ₹2 trillion, with total non-fossil fuel capacity exceeding 260 GW.
The government aims for a 500 GW non-fossil fuel target by 2030, requiring measures to facilitate capacity expansion, technological advancement, and improved financing mechanisms. Key areas of focus include incentives for domestic manufacturing, streamlined regulatory processes, and support for energy storage and green hydrogen adoption.
Enhanced policies are expected to encourage residential solar adoption and improve grid reliability. The upcoming budget is viewed as critical for driving growth and positioning India as a leader in renewable energy.
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