COAL & MINES

Govt’s love-hate relation with solar energy; gives boost to coal, petroleum but talks about green power

As the Modi government aims to boost coal and petroleum production in India, the green energy sector may face a blow on its motivation. The industry believes that the government is not doing enough to push the usage of renewable energy.

“The solar energy is here to stay but the industry needs much more than what the government is currently doing,” Gagan Vermani, Founder & CEO, MYSUN, told Financial Express Online. While on one side, the utility-scale solar is facing challenges on the DISCOM payments and project financing fronts, the rooftop solar industry has been marred by poor or inadequate policymaking, he added. If we want to see solar on every rooftop, the government can’t have a love-hate relationship with the industry, he further added.

In the Union Budget 2020, the government introduced PM Kusum Yojana that aims to benefit around 20 lakh farmers living around barren lands but as the current roadblocks persist, it will be difficult to achieve the results on the ground.

Source
Financial Express
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