Infrastructure Focus Urged
Simarpreet Singh, Executive Director & CEO of Hartek Group, termed the upcoming Budget 2026 as an 'Infrastructure Budget' specifically tailored for the power
sector. He underscored the importance of several strategic enablers, which are pivotal in the modernization and advancement of the sector. These include reinforcing grid strength to manage and distribute power efficiently, developing storage solutions to address intermittency issues inherent in renewable sources, ensuring the availability of skilled manpower to support the technological and operational demands, and promoting domestic manufacturing to create a self-reliant and robust supply chain. This comprehensive approach is designed to bolster the power sector's capacity to meet future energy demands while contributing to sustainable development. The aim is to create a resilient and adaptable infrastructure that can support India’s growing economy.
Key Sector Priorities
Renewable energy leaders have collectively urged Budget 2026 to prioritize grid-ready clean power, storage, and transmission infrastructure. This proactive approach aims to solve key challenges and prepare the sector for sustainable growth. A strengthened power grid is fundamental for the seamless integration of renewable energy sources, ensuring consistent and reliable power supply to consumers. Investment in robust storage solutions, such as batteries, is also essential to manage the variability of renewable energy generation, especially solar and wind power. Additionally, advancements in transmission infrastructure are critical to transport generated power efficiently from renewable energy sites to areas of high demand, thereby improving the overall efficiency and accessibility of the energy system. These initiatives are designed to foster a cleaner, more reliable, and more sustainable energy landscape for India.
Policy Continuity Importance
Devansh Jain from INOXGFL Group highlighted the critical role of policy continuity in the expansion of manufacturing capabilities, capacity growth, and the simplification of business operations within the sector. Consistent policies provide a stable and predictable environment, fostering confidence among investors and businesses. This assurance is essential to encourage investment in manufacturing facilities, enabling businesses to scale up production and meet growing demands effectively. The predictability of policy frameworks simplifies regulatory processes, allowing companies to streamline operations and enhance efficiency. A consistent policy approach is integral for attracting both domestic and foreign investment, ultimately promoting technological advancements and long-term sustainability within the renewable energy sector. It gives businesses the stability needed to invest and expand strategically.
Reliability and Scale
The renewable energy sector is entering a new era where reliability is becoming as important as the scale of operation. Initially, the primary focus was on increasing the overall capacity of renewable energy generation. Now, a shift is occurring to ensure that the produced energy is not just abundant but also dependable and accessible at all times. This includes enhancing grid stability, deploying efficient storage solutions, and improving the overall resilience of the energy infrastructure to withstand disruptions. The focus on reliability also promotes the adoption of advanced technologies and practices. This comprehensive approach helps the sector provide a stable power supply and aligns with the needs of a modern economy, enhancing the overall quality and dependability of energy services for businesses and individuals.
