Energy production and its sustainability are the two major issues of the recent times. India has the potential to become ‘the green sparrow’ of the world and offer quick, affordable renewable energy solutions if we put our act together.
The government has shown its commitment for mainstreaming renewable energy by introducing policies such as Production-Linked Incentive Scheme-II (PLI-II). However, when we are talking about developing close to 100GW of solar manufacturing capacity by 2030, we need a much more conducive environment.
Domestic content requirement needs to, essentially, be made compulsory for subsidised as well as non-subsidised projects. This will immediately shoot up our growth trajectory. In the Union Budget 2023, the Government canthink about centralising solar installation policies which will boost installed renewable energy capacity, in order to achieve the goal of 500GW installed capacity by 2030.
