Business Today

ROUND-THE-CLOCK RENEWABLE ENERGY: THE NEXT FRONTIER

Q: Storage has emerged as a big challenge. For the renewable energy sector, what is the bigger ask right now if this is not achieved?

On the storage side, we are very happy especially if you talk about the Budget. Many of the industry requests have been accepted by the finance ministry. One was the viability gap funding for gigawatt hours of storage, which will help many of the projects that are coming up this year. There is also immediate reduction of import duties for cells that can possibly be used for both batteries and electrical vehicles. There is one more thing, which is the rationalisation of GST. It was a big pending ask, because many times

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