The financial failings of India’s electric companies have once again come to the fore as the power minister warned the seven worst offending states the lengthening debts they owe renewables developers could be recovered via the National Company Law Tribunal.
The state with power deficit of up to 20% provides the opportunity to scale up the solar capacity to 2 GW by 2022, which would require an investment of Rs11,000 crore.
The U.S. company claims its 300 MW manufacturing plant in Hyderabad will deliver a fully integrated and customizable system solution of solar panels, lithium battery packs and controllers under a single roof.
The Department of Science & Technology, Government of India, and the Ministry of Science and Technology of State of Israel will fund joint research on advanced materials for next-generation solar energy utilization and energy storage. The deadline for the submission of proposals is December 5.
In addition to accelerated deployment of battery based energy storage systems, the country needs to look at a combination of technologies to manage peak electricity demand whilst maintaining grid stability at least overall cost.
Solargiga highlighted the fact safeguarding duty has recently been reduced in India when considering solar opportunities around the world as part of its first-half update to the Hong Kong stock exchange.
The energy storage company is ramping up R&D efforts to try and fast-track commercialization of the more productive – and more expensive – battery tech. The news was announced as part of an uninspiring first-half update thanks to falling lithium salt prices.
The two nations have signed an MoU to set up the capacity in the north of Bangladesh along with 50 MW of wind power facilities in the south, near the port of Payra. China will supply an estimated $500m with the host nation freeing up land for the projects.
The state is lagging woefully in the transition to renewable energy with just 38 MW of solar generation capacity towards its 2020 target of 2.65 GW.
Transition to a green economy in India must be ‘just,’ keeping in mind vulnerable livelihoods. It would need to look at the labour surplus issue, especially for those employed in agriculture and informal sectors—said experts at a national consultative workshop held by sustainability thinktank The Energy and Resources Institute in New Delhi.
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