The Budget 2022 has arrived and it is seen that a lot of projects will get a kick start and financial aid in the year 2022.  As per the reports,  there has been a quick implementation strategy to empower the production of domestic solar energy equipment. It will be produced up to 45 gigawatts  It is suspected to cost around 19500 with some additional energy transition projects in the line.

The union power minister RK Sing stated that they have ensured that there is a space for energy transition and whatever is required fr its development and implementation is there in the budget 2022. He further stated that energy transition is essential to deal with the problem of climate change. The budget presented by Finance Minister Nirmala Sitharamn has provided an additional amount for the solar cell under the scheme of Production Linked Incentive 

It is necessary for India to produce solar equipment itself instead of importing it. In the budget session, it was revealed that India will be aiming at 280 GW by 2030.  The plan was presented in April 2021 as well.

There have been green bonds made in order to invest in green and clean energy. The budget also discussed the concentration of biomass pellets. There is a plan to make green mobility zones.