India Climate Startups Update

Startup Update

Union budget for 2023-24 focuses on 'green growth', in line with the long term climate goals for 2070

2023-02-01 |

Rs.35,000 crore provided for priority capital investments towards energy transition and net zero objectives

  • Union Budget 23-34
  • Energy Capital


Notes by Narsi

"Battery Energy Storage Systems with capacity of 4,000 MWH will be supported with Viability Gap Funding and a detailed framework for Pumped Storage Projects will also be formulated."

These two caught my eye from among the proposals in the Budget, and the former especially, if implemented well, could make a big dfference to the penetration of solar & wind power, both intermittent with the need for storage to make them more reliable and industry ready

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