Budget 2017 gives big boost to renewable energy with duty reductions, new capacity

The Budget has given a boost to renewable energy, announcing another 20,000 mw of solar park development in phase II and a slew of duty reductions on components for fuel cell-based power generating and biogas systems, as well as wind energy equipment.

The Budget announced solar power supply at about 7,000 railway stations in the medium term but a beginning has already been made at 300 stations, said finance minister Arun Jaitley.

“Work will be taken up for 2,000 railway stations as part of the 1000 MW solar mission.”

Power, coal, renewable energy and mines minister Piyush Goyal was pleased with the proposals. Read more…