Minister of Finance Nirmala Sitharaman holds the budget’s iconic red cloth folder in 2021. Image: Gov’t of India Press Bureau.
The Indian government’s decision to classify grid-scale energy storage as infrastructure addresses the industry’s “biggest concerns” by making investments easier to facilitate, Energy-Storage.news has heard.
As part of the Union Budget 2022-2023 speech and announcements yesterday by Minister of Finance Nirmala Sitharaman, energy storage and data centres were awarded the status. Minister Sitharaman said that this will “facilitate credit availability for digital infrastructure and clean energy storage”.
India’s banks and financial institutions have a standard, government-identified list to follow when it comes to choosing what qualifies for infrastructure loans, Ulka Kelkar, director of the climate programme at non-profit…