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India’s 2024 Interim Budget Sparks Energy Buzz with Major Renewable Initiatives

-Free Solar Electricity: Finance Minister Sitharaman announced free electricity (up to 300 units monthly) for 10 million households via rooftop polarization.

-Offshore Wind Boost: Viability gap funding for 1 GW cumulative capacity in offshore wind projects to drive India’s renewable energy ambitions.

-Budget Revisions: Allocation increases for on-grid solar power programs, National Green Hydrogen Mission, and Green Energy Corridor, while wind power and EV manufacturing face reduced estimates.

-Eco-Friendly Transport: Mandatory blending of compressed biogas into natural gas for transportation and plans to strengthen electric vehicle infrastructure.

Originally published on Mercom India

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