Greening India’s Budget: Five suggestions for FM Nirmala Sitharaman
India’s target of establishing 500 GW non-fossil capacity would require a cumulative investment of INR 22.5 trillion (at INR 4.5 million/MW). The Central Electricity Authority (CEA) estimates an investment requirement of INR 2.44 trillion for the development of grid infrastructure for green power evacuation. Similarly, NITI Aayog estimates that India’s battery potential (stationary and non-stationary applications) would reach 600 GWh by 2030, translating into an investment requirement of INR 5 trillion (at USD 100/kWh).
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