Under the plan, the government
will
promote
clean
technology
(cleantech)
manufacturing,
the
minister said while presenting the
Budget 2025.
"Under cleantech manufacturing,
equipment needed in energy transi-
tion such as solar PV cells; EV
batteries, motors and controllers;
electrolysers; wind turbines; high
voltage transmission equipments
and grid-scale batteries will be
promoted," Sitharaman said.
She, however, did not mention the
details on how manufacturing of
these items in the renewable and
new energy sector will be promoted.
The government is already offering
production-linked
incentives
for
manufacturing
solar
modules,
electrolysers, EV batteries and
another 10 gigawatt (GW) of incen-
tive for grid-scale batteries is in the
offing.
India is chasing a green energy
target of 500 gigawatt (GW) by
2030 not only to honour its Nation-
ally
Determined
Contributions
(NDC), but also to ensure energy
security. According to the govern-
ment, demand is expected to surge
to a high of 384 GW in 2031-2032,
which
will
need
a
combined
augmentation of power generation
capacity, ranging from thermal,
renewable, nuclear, and hydropow-
er.
According to the latest NDC targets,
India has committed to reducing the
emission intensity of its GDP by 45
percent by 2030 from 2005 levels,
and achieving about 50 percent
installed capacity from non-fossil
fuel-based energy resources by
2030.
N ews
ADANI GREEN STOCK GAINS 2% ON REPORT OF
WITHDRAWAL FROM SRI LANKA WIND POWER PROJECT
CLEANTECH MANUFACTURING GETS A
BOOST IN BUDGET 2025
14 | June 2025 | www.industrialoutlook.in
Adani Green Energy Ltd’s share
price rose 2 percent to trade above
Rs 935 on the NSE, following a
news report that the company will
withdraw from its proposed wind
power generation and transmission
project in Sri Lanka, potentially
ending the overhang about the
project viability.
Bloomberg reported citing a letter
written by Adani Green Energy that
the company has withdrawn from
building two wind power projects in
Sri Lanka after the new government
sought lower tariffs last month.
The $442 million, 484 MW wind
farm project in Mannar and Pooner-
in was approved by Sri Lanka’s
Board of Investment in early 2023,
with an agreement signed to supply
power at 8.26 cents per kWh for 20
years. However, Sri Lanka’s new
government has sought to renegoti-
ate the power purchase agreement,
reportedly aiming to bring the tariff
under 6 cents per unit.
In January 2025, when reports
emerged that Sri Lanka had revoked
Adani Green’s project, the Adani
Group called the claims "false and
misleading."
The
government,
however, maintained that it would
not proceed with the purchase price
agreed upon by the previous admin-
istration.
Aruna Kulatunga, President of the
EOI Project Developers Associa-
tion, a body of 47 companies evalu-
ating energy project bids in Sri
Lanka, recently said that the tariff
offered by Adani Green was consid-
ered
high
compared
to
local
bidders.