By Rajat Mishra
New Delhi, January 18
The coming Budget is expected to unveil a few steps to promote clean energy storage while keeping the policy thrust on renewable energy.
India’s power grids have increasingly been powered by renewable energy, but it is a challenge of its own kind as electricity from renewables can be generated only when the sun shines or when the wind blows. This is not always in consonance with the demand cycle. Storage can help tide over this shortcoming associated with renewables.
“To facilitate a smooth energy transition, the Budget 2023 will likely stress clean energy storage and transmission this year for the Power sector. The power ministry has proposed a green corridor and a Viability Gap Funding (VGF) for battery energy storage,” said Shailesh Tyagi, partner, Climate Change and Sustainability Services, EY India.
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