Markets & Policy

Apart from thrust on energy efficiency and clean energy, the new policy will focus on Make in India for cells used in electric vehicle batteries and measures for demand creation and incentivizing investments.

Exicom Tele-Systems will recycle electric vehicle batteries at the end of their lifecycle to develop custom battery packs for non-automotive applications such as home inverters, commercial & industrial UPS, and renewable energy storage.

Clean energy investment across 104 emerging markets fell sharply by $36 billion in year 2018 from the previous year, even as their coal burn surged approximately 500 terawatt hours to a record high of 6.9 thousand terawatt-hours. Though the decline in clean energy investments was driven largely by China, inflows to India and Brazil also slipped by $2.4 billion and $2.7 billion, respectively. India, however, emerged as the market with greatest renewables potential.

The crystalline solar cells and modules manufacturer—which has 200 MW of cell line and 250 MW of module line capacity—has secured orders equal to full production capacity for both cells and modules till March 2020.

As of October 31, a cumulative renewable energy capacity of 83.38 GW was installed in the country, which included 31.69 GW from solar, 37.09 GW from wind, 9.95 GW from biomass and 4.65 GW from small hydro.

December 5 is the last date to submit proposals for the joint research program on advanced materials for next-generation solar energy utilization and energy storage that will sponsor around 10 projects. The maximum funding available for all research projects approved is Rs40 million for the Indian side and 4,000,000 NIS for the Israeli side, for a period of two years.

The recently proposed guidelines allow electricity cost reduction of only Rs 3.64/unit for commercial and industrial consumers, which is not even sufficient to recover the capital costs of setting up the solar infrastructure.

The technology brings environmental, economic and social benefits, says the senior VP of Ciel et Terre’s Indian business. However, the nation’s obsession with price dictating business decisions, he adds, ignores the truism that ‘in the long run, cheap products lead to more cost’.

December 3 is the new bidding deadline for the grid-connected solar project that is to be set up on develop-build-demonstrate-transfer basis anywhere in India. Techno-commercial bids will open on December 4.

Bids can be submitted till December 27 for the project which shall come up at the state-run power producer’s Panchet project in Dhanbad district. The project shall be awarded through tariff-based domestic bidding followed by reverse auction.