Representative image(IANS)After peaking in FY-2017, renewable energy subsidies in India have dropped by 59 per cent as deployment slowed for various reasons, according to a new study released on Tuesday. More support — including subsidies — will be required to scale up renewables to meet the 2030 clean energy targets, according to the study.Renewable energy subsidies in India have fallen by 59 per cent to ₹6,767 crores after peaking at ₹16,312 crores in FY-2017 as deployment slowed during COVID-19 pandemic-induced lockdowns and grid-scale solar PV and wind achieved cost parity.According to the study, greater support— which could include subsidies— will be needed to scale up solar manufacturing, green hydrogen, and promising de-centralised renewable energy technologies in order to meet the 2030 clean energy targets.Mapping India’s Energy Policy 2022: Aligning Support and…
India’s 2030 Clean Energy Targets Will Remain Elusive if Major Subsidiary Support Is Not Offered to Renewable Energies | The Weather Channel – Articles from The Weather Channel
