U.S.-based Rockefeller Foundation has partnered with cKers Finance, a New-Delhi based finance company, to help develop the decentralized renewable energy (DRE) sector in India. cKers will invest $50 million across DRE and sustainable energy portfolio in the near term.
New data released by IISD and Power for All finds that Indian government support for clean, decentralized renewable energy (DRE) access solutions is woefully lacking, and is less than 1% compared to fossil fuel, centralized options. DRE solutions receive a negligible share of electricity subsidy in India.
The three-day exhibition and conference held in New Delhi organized various hands-on workshops and saw discussions on topics like mini and micro-grid systems, electric transportation, and the financial analysis for these sectors. The government has also announced the upcoming energy policy, placing storage at the core.
India Energy Storage Alliance (IESA) has signed an MoU with Indo-German Energy Forum (IGEF) to promote and facilitate the energy storage business in India among various German and Indian stakeholders.
IESA and IEEMA have together organized a masterclass to develop advanced energy storage manufacturing in India. The event has also witnessed increased government support for the sector as energy storage opportunities in India are expected to attract investment of more than $3 billion in the next three years.
Azure Power’s new initiative Azure M-Power has won a project to electrify 320 households across 11 villages in Jharkhand through development of mini and micro grids.
Wärtsilä, one of the largest global supplier of flexible and efficient energy solutions, has announced that it will provide technically and environmentally advanced energy storage solutions to the power markets in India.
The Indian Energy Storage Association’s Forum 2017 covered two broad topics – first, policy discussion on Electric Vehicles (EV), manufacturing and innovation in the energy storage sector. Secondly, the forum examined the integration of Energy Storage Systems (ESS) with the renewable energy sector.
India Energy Storage Alliance (IESA) estimates the market for energy storage will grow to 100-200 GWh between 2017-22.
The executive director of the India Energy Storage Alliance (IESA) Rahul Walawalkar, talks to pv magazine about India’s vast energy storage potential ahead of next week’s World Energy Storage Day.
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