Not a dream budget for solar (a 3 out of 10)
On the 28th of February, India’s finance minister has presented the widely anticipated first full budget of the new Modi government. After all the fanfare around growing the Indian solar market including at the recent RE-INVEST, the industry was expecting if not real boost to the sector, at least a clear directional step towards creating a sustainable and fast growing solar market. This expectation was not met.
A couple of measures will help solar manufacturers and solar developers
Many new laws were promised – but we need to move to implementation
The bigger picture of building a healthy economy (driving power demand), building a healthy power sector (pricing) and enabling solar to take a large share of that (grid access) were not satisfactorily addressed …