Markets & Policy

Gopal Lal Somani, a former director at the Jaipur-based Rajasthan Renewable Energy Corporation Ltd (RRECL), says distributed solar systems with storage are the key to achieving India’s mission of supplying clean energy at an affordable cost to all. In this article, he dwells on the benefits and techno-commercial feasibility of these systems for the nation.

Researchers in Norway have mapped all cropland areas that were abandoned between 1992 and 2015 and found that the vast majority is suitable for PV and bioenergy deployment. Around 30% is located in Asia, followed by the Americas, with a 28% share, and Africa, with a percentage of 22%. Europe and Oceania had shares of 20% and 5%, respectively.

A new report says that the nation would require an estimated annual battery capacity of 158 GWh to realize its 2030 electric vehicle (EV) adoption target. Meeting this potential demand would require investments exceeding INR 85,900 crore (US$ 12.3 billion) in case battery manufacturing is 100% indigenized.

IHS Markit released a white paper in which the analyst outfit shared some predictions for the power electronics market. First and foremost, inverters will become smarter, and after some power outages in key markets, these devices are gearing up to take on more grid stabilizing tasks, which hitherto had been reserved for synchronous generators.

India Ratings says innovative measures to mitigate financing risks, optimize financing costs, and reduced currency risks leading to higher equity returns and better coverages provide international renewable energy players an edge over domestic peers.

As per the agreement, the Indian Renewable Energy Development Agency (IREDA) will undertake techno-financial due diligence of renewable energy, energy efficiency and conservation projects for state-owned hydropower producer Satluz Jal Vidyut Nigam Ltd (SJVN).

The nation is already firmly positioned to lead the world in the clean energy revolution. Consolidating this position would unlock significant economic growth and competitiveness by attracting domestic and foreign investment, creating jobs, and improving public health.

The Distribution Companies (DISCOMs) shall be the implementing agency for agricultural feeder-level solar plants and shall incentivize farmers for consuming power below the benchmark consumption for their area—an important measure for conserving groundwater level.

The two newly introduced green contracts, daily and weekly, are in addition to already operational intra-day and day-ahead contingency contracts in the green market. 

The minimum solar tariffs discovered fell by 131.5% over the last five years, with an 18% drop achieved in the last five months alone.