Daily News Wrap-Up: Budget 2025 Halves Solar Module Duty to 20%

India’s installed wind capacity in Q4 2024 rises to 45% YoY

February 3, 2025

thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


Finance Minister Nirmala Sitharaman reaffirmed the government’s commitment to strengthening domestic value addition and enhancing India’s manufacturing ecosystem for solar cells and modules, electric vehicles, lithium-ion batteries, and high-voltage transmission equipment. The Budget saw revisions in estimates for various energy programs. The allocation for the total solar sector has increased from ₹150.61 billion (~$1.73 billion) to ₹242.24 billion (~$2.79 billion). The National Green Hydrogen Mission’s funding was raised from ₹3 billion (~$34.6 million) to ₹6 billion (~$69.24 million).

MERCOM Insider

Where clean energy's most influential leaders get their intelligence

Exclusive reporting, market intelligence, and insider access that shapes billion-dollar decisions in renewable energy and clean technology.

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS