Markets

The long read: The untapped potential of the MENA region

The region’s climate, developing economies and demographic growth are driving increased electricity demand in the Middle East and North Africa. However, as a hub of conventional energy supply, the region has been slow to embrace PV. To capture more of the value chain and deliver the full potential of solar, there are increasing calls for distributed generation deployment to play a bigger role.

Sterlite Power forays into grid-connected battery storage

The power transmission infrastructure developer has submitted bids for two battery energy storage projects, with a cumulative capacity of 400 MW, in the recently concluded auction of Salt River Project utility in Arizona, USA.

India’s renewable consumption will grow 15 times by 2040, says BP Energy Outlook

India’s renewable power consumption will surge from around 20 million tons of oil equivalent (toe) today to 300 million toe by 2040, predicts oil and gas major BP, mainly in the power sector and driven largely by growth in solar capacity. Yet coal will continue to dominate the country’s power generation mix, accounting for 80% of output, according to BP’s Energy Outlook 2019 report.

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Interview: Hindustan Powerprojects CEO on stepping into new territories

Hindustan Powerprojects has executed more than 350 MWp in Germany, Italy, the Netherlands, Japan, Korea and the U.K. since its establishment in 2008. It claims to have been the largest solar project developer in the UK from 2011-13 and commissioned its first utility-scale project in India in Tamil Nadu in 2010. In an interview with pv magazine, Lalit Jain, CEO for the firm’s international solar business, shared his experience from developed markets, and what it takes to be successful doing business overseas.

Will solar power be a Goa in India’s smallest state?

Subsidies from central and state bodies will help photovoltaics get within reach of similarly sponsored conventional electricity, which begs the question, why not remove subsidies for both?

Uttarakhand tenders 200 MW grid-connected solar capacity

Uttarakhand Renewable Energy Development Agency (UREDA) has invited bids for setting up cumulative 200 MW grid-connected solar PV power capacity in the state. The projects would be awarded based on tariff-based international competitive bidding.

India a $50 billion market for energy storage: AES

Given its ambitious goal of 175 GW renewable power by 2022 and push for electric mobility, the country presents a potential investment opportunity of $50 billion in battery storage facilities.

India gets its first grid-scale battery energy storage system

The 10 MW grid-scale energy storage system at Tata Power Delhi Distribution’s Rohini Substation is also said to be South Asia’s largest.

By 2030, solar tariffs in India could fall below Rs 2 per unit

The cost of wind would fall to Rs 2.3-2.6/kWh, while solar tariff would reduce to Rs 1.9-2.3/kWh. The cost of storage will fall by about 70%, according to a report.

Hybrid solar container system launched for off-grid markets

The PV system was launched recently by The Energy and Resources Institute (TERI), in partnership with STEAG Energy Services. It can provide 24-hour electricity even without grid connection, and is expected to generate around 10,000 kWh annually.

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