Floating PV specialist Ocean Sun and South Korean energy company EN Technologies have signed an agreement to develop the pilot projects of the 2.1 GW floating solar site planned near the Saemangeum tidal flat, on the coast of the Yellow Sea.
Almost 10 GW of hybrid generation capacity is already under implementation despite India having only 100 MW of combined wind and PV projects at present, according to analyst Crisil.
While the solar and storage pairing is still relatively new, the growth over the next five years will be significant globally. As against just 5% in 2019, by 2025 more than 25% of all behind-the-meter solar systems will be paired with storage.
India Ratings says the power demand declined for March and April 2020, taking a hit on generation from thermal sources as renewables continued to enjoy ‘must run’ status.
Researchers from Finland’s Lappeenranta University of Technology have assessed the economic advantages of a fully interconnected global network. They found that an international grid could contribute to a global LCOE of €52.50/MWh. The higher complexity of such a system, however, would only be marginally compensated by additional economic benefits.
The all-India installed capacity for power generation is projected to rise to 619 GW by the end of 2026-27 from 369 GW as on February 29, 2020. The optimal generation mix will, however, depend on the development of storage technology and renewable energy.
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