New Delhi, 31/01/2025: The Union Budget 2025 will be a defining moment for India’s energy future. As the country faces the growing challenge of meeting its rising energy demands, it must also ensure that its energy solutions are sustainable and environmentally friendly. With climate change becoming an ever-pressing concern, India has the opportunity to shift its energy strategy towards clean, renewable sources like solar and wind power. The government’s investment in renewable energy infrastructure could shape the country’s future and help mitigate the impact of climate change.
India has already committed to ambitious renewable energy goals, such as generating 500 GW of non-fossil energy by 2030 and achieving net-zero emissions by 2070. The upcoming budget could be crucial in securing funding for these objectives. To achieve these targets, India needs to focus on scaling up renewable energy projects, promoting green technologies like hydrogen, and enhancing energy storage solutions. Experts believe that substantial investments and policy support in these areas will be necessary to help India meet its long-term energy goals.
A key area of focus should be energy storage, which will play a significant role in integrating renewable energy sources into the national grid. As more energy comes from solar and wind, which are intermittent by nature, having reliable storage systems will ensure a steady energy supply. Subsidies and incentives for battery storage technologies are critical to making this transition smoother. Additionally, technologies like green hydrogen could offer a cleaner alternative to fossil fuels, further reducing emissions and helping to achieve energy independence.
India has made impressive progress in renewable energy, with its total capacity reaching 203.18 GW in October 2024. Solar power, with 92.12 GW, leads the way, followed by wind and hydro power. However, experts warn that the country needs to continue investing heavily in clean energy solutions, with estimates suggesting that India will require $150 to $200 billion annually to meet its goals. The Union Budget 2025 has the potential to push India forward, creating an energy system that is sustainable, innovative, and resilient to the challenges of the future.
