The Solar Energy Corporation of India Limited (SECI) has announced a tender for a 160 MW wind, solar and storage plant to be located in the state of Andhra Pradesh.
In the latest amendment to India’s National Wind-Solar Hybrid Policy, the word “battery” has been removed from a number of clauses, while the scope of storage has been broadened to include all technologies, like pumped hydro, compressed air and flywheel.
The U.S. Trade and Development Agency (USTDA) has approved a grant supporting the technical design and project planning work for IL&FS Energy Development Company Limited’s (IEDCL) 41 MW hybrid wind, solar and energy storage power plant in Andhra Pradesh.
India’s energy storage industry feels the government’s move to reduce GST on lithium-ion (Li-ion) batteries from 28% to 18% will benefit electric vehicles and the renewables sector. The government has also cut GST on the raw materials for battery manufacturing, to jump-start domestic industry.
Greenko Energies will set up India’s largest Integrated Renewable Energy Project (IREP) in Andhra Pradesh at an investment of INR 150 billion (US$2.2 billion). Recently approved by the Andhra Pradesh government, the project will comprise 1,000 MW of solar energy, 550 MW of wind energy and 1,200 MW of standalone pumped storage capacities. It is expected to provide employment to 15,000 people during construction and 3,000 people after construction.
While Africa has emerged as a dynamic, fast-moving hub, Asia leads in capacity deployment with its total capacity more than tripling to nearly 4.3 GW in 2017 from 1.3 GW in 2008, finds IRENA. Particularly, in India, a strong policy has pushed deployment of off-grid solar for agriculture and public end-uses.
Dr Rashi Gupta, Director at Vision Mechatronics discusses the EV landscape in India, particularly focusing on the potential for battery manufacturing. While there are currently many challenges, like a lack of raw materials and infrastructure, the opportunities are immense.
If implemented, the huge tendering exercise would dwarf anything that has gone before it. Minister explains bidding will also include solar manufacturing and storage elements.
Underlining India’s commitment to becoming the global renewable energy leader, Shri Anand Kumar, secretary of the Ministry of New and Renewable Energy, said the country plans 500 GW of capacity by 2030. He also underlined plans to become a solar and storage manufacturing hub; and said the International Solar Alliance needs to widen its membership.
Solar PV capacity is set to grow 17-fold, and wind six-fold, by 2050, to account for nearly half of global electricity generation, predicts BNEF, while investments will reach US$11.5 trillion. Cost reductions will drive this charge, particularly in the battery market, which will benefit from the EV manufacturing ramp up. Despite this, the electricity sector is still failing to bring CO₂ emissions down to the required levels, with its continued dependence on gas.
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