The solar power project, located in the Bhadla region, will supply power to Solar Energy Corporation of India for 25 years at a tariff of INR 2.58 (US 3.7 cents) per kWh.
The Indian multinational business conglomerate has signed the agreement to buy Netherlands-headquartered lithium iron phosphate (LFP) battery specialist Lithium Werks for US$ 61 million, including funding for future growth.
The solar cells production capacity is also expected to jump to 18GW in two years from just 4GW currently.
The proposed solar power capacity, to be developed across the State, will be combined with adequate battery storage systems to ensure an uninterrupted power supply to the consumers.
The Indian solar manufacturing sector is set for a boom in the coming years, due to the country’s enormous appetite for solar and policy support in the form of import duties and local production incentives. On the technology side, a few players are already looking at n-type TOPCon cells, but their embrace by the majority has been slow to materialize, due to the high investment costs that are required. This ensures that the build-out of new PERC capacity will continue over the short term.
The nation’s cumulative solar capacity surpassed 50GW by the end of December last year.
The Northeastern State, which meets most of its power requirement from hydroelectricity, will have a 20MW solar plant developed by Telangana based Halo Energie.
The Chinese solar inverter manufacturer, which established its factory in India in 2018, has expanded the India fab capacity to 10GW/annum to serve different customer segments, including residential, commercial & industrial, and utility-scale—both locally and globally.
The lead-acid battery major will use SVOLT’s technology to manufacture lithium-ion cells in India. It will produce cells across two popular chemistries and three formats out of its proposed multi-gigawatt fab.
Scientists from the Department of Science & Technology, Government of India, have shown Ni2O3 as a promising catalyst for sustained electrochemical urea oxidation reaction (UOR) to produce green hydrogen. With Ni2O3 catalyst, they found the UOR activity to be almost six times higher than with the conventional NiO.
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