May 28, 2024

Budget Expectation | Suzlon

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“We congratulate the GoI for crafting a legendary energy transition roadmap for India. The Government’s current push towards Renewable Energy is commendable and needs to be supplemented with incentives for project execution, site development, and domestic manufacturing. The government has backed it’s green energy agenda with a slew of policy initiatives recently amongst which the most significant one is the withdrawal of e-reverse bidding for wind projects and the roadmap of 8 GW of bids every year till 2030 for wind energy projects.

In line with the recent policy announcement by the government we need to further formulate all central and state policies with a 2030 timeframe toward meeting the targets of 500GW. This will create a transparent and predictable policy environment to facilitate mid to longer term planning and therefore facilitate timely achievement of national targets. All key renewable energy policies need to be looked at holistically to cover entire value chain from R&D, manufacturing, grid infrastructure, project approvals, CTU/STU regulations, project construction to lifetime service as well as financing and taxes/ GST. This will allow for leapfrog actual contribution of green power to our national energy generation.

We look forward to a budget that further accelerates India’s journey to 500 GW Renewable Energy by 2030 and powers our Energy Transition roadmap in line with the GoI’s vision for our country. Suzlon is committed to powering a greener India and world.”

 

Girish R. Tanti, Vice Chairman, Suzlon Group