 "Suzlon to rejig Rs 1,200-cr overseas debt")
Bereft of any incentive or subsidy, the Union Budget for 2019-20 has come as a dampener to the renewable energy sector. The Budget's muted focus on green energy and tepid hike in allocation for the Ministry of New & Renewable Energy (MNRE) has cast doubts on the government’s target to achieve 225 Gw of renewable energy installs by 2022.
The Budget has marginally raised the allocation for MNRE to Rs 5255 crore from last year's Rs 5147 crore.
"We were expecting a quantum leap in funds for the renewable energy ministry. The government's cautious outlay means that the developers have to fall
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