Battery storage is racing even faster than the PV market did a few years ago. Costs are plummeting and new production lines are popping up all around the world. Smart people with smart ideas are leveraging venture capital and research funds. M&A activity is also accelerating with a new range of investors taking interest. But the technology battle is far from over, says Ragna Schmidt-Haupt, Partner at Energy Consultancy Everoze.
Sustainable development expert Auroville Consulting has launched the Solar Village Search Engine to help fund its Solar Village Initiative, which aims to power 100 villages in Tamil Nadu with solar by the year 2030.
Swiss battery maker that intends to bring production lines to Gujarat has been helped along in a planned reduction of its debt pile by its domestic authorities. The way is now clear for a shareholder vote next Tuesday.
A renewable energy system in 2050 is technically possible and economically viable for India, with the levelized cost of electricity falling from the current €58/MWh (Rs4,626) to €52 under one scenario in a recent report, and to €46 in another that included demand for power, water desalination and non-energy industrial gas sectors.
Historic Swiss brand Leclanché is on an expansionist trail, notably in India and low-carbon shipping, but restructuring its debts will involve ceding even more control of the venerable company to institutional investors.
The Indian Ministries of External Affairs and Power, in collaboration with the Confederation of Indian Industry (CII), organized the South Asia Power Summit 2018, held recently in New Delhi. The daylong conference highlighted that diversity of energy resources in South Asian countries brings the opportunity to provide affordable, low-carbon energy in the region. The business case for enhanced energy trading in the region, and challenges faced in inter-country electricity trading were important elements of this discussion.
The world is witnessing a major shift in energy demand from advanced to developing economies, with demand growing fastest in India – according to the International Energy Agency’s (IEA’s) latest World Energy Overview.
Analysts are weighing into the debate over the MNRE’s big solar plans, but pointing out that even a partial victory would set the foundation for future solar triumphs.
Saurabhbhai Patel, Minister of Energy, Government of Gujarat, has announced that the state will soon issue a 250 MW grid-connected solar tender linked with storage. He also said that Gujarat will add more than 5 GW of new PV capacity in the next three years.
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