India boosts its renewable energy budget 20-fold for 2016

March 7, 2016 |

In India, the country has proposed an annual budget for the renewable energy ministry of more than $746 million for 2016, up from less than $37 million last year, as it pushes more towards biofuel and clean power. The national biodiesel producers association says that programs like crop insurance for biodiesel crops and credit availability will help boost feedstock supplies. Biomass power got a big policy support boost last year with a target of 10,000MW, in addition to solar, wind and other renewable energies.

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Category: Policy

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