The State-run power producer has more than 65 GW of installed capacity comprising gas, coal, hydro, and renewable energy based power stations.
The diversified business group will invest over INR 60,000 crore ((US$ 8.1 billion) over the next three years to build Giga factories for solar, energy storage, electrolyzers, and fuel cells, respectively, to create a fully integrated, end-to-end renewables energy ecosystem. Additional INR 15,000 crore (US$ 2 billion) is planned to create a value chain, partnerships, and future technologies.
If the three record-busting low solar price tariffs recorded in the Middle East in the past 18 months are to be believed, renewables-powered hydrogen in prime sites in the region could already compete with gas-plus-CCS production, according to IRENA. Has the Gulf discovered the new petrol?
The power ministry has announced that the exemption on grid charges is now available to solar and wind projects to be commissioned up to June 30, 2025. The waiver is also allowed for pumped-hydro storage and battery energy storage system projects.
Ruchi Gupta is a research fellow at the University of Geneva’s Institute for Environmental Sciences. She focuses on how flexibility options, such as sector coupling with hydrogen production, can support renewable energy integration and decarbonize a wide range of sectors.
An Institute for Energy Economics and Financial Analysis (IEEFA) report says the sale of power in the futures market will benefit renewable energy developers and distribution companies alike.
Separating generation from storage usually delivers higher value, but it may also deliver higher costs, the report said.
The nation maintained the highest score of 62.7 for solar in the latest edition of Ernst & Young’s renewables attractiveness index. It ranked third for overall renewable energy investment.
Spanish PV project developer Gransolar is planning to build a large-scale green hydrogen production plant in the Port of Almería, in southern Spain.
With South Africa holding 63,000 of the world’s estimated 69,000 metric tons of platinum reserves – according to the Statista.com website – and Russia and Zimbabwe a further 5,100 between them, the European Commission has cited the metal as an example of a potential supply chain bottleneck that could handicap its grand plans for renewables-powered hydrogen production.
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