Sliding electricity demand and declining commercial and industrial activity could prompt distribution companies to block or delay payments to solar power producers.
India’s energy system immediately needs a shift from centralized commands to dynamic interactive structures. While the UK is already spearheading digitalization of its energy systems, India has ample areas demanding interventions, such as integration of decentralized energy systems using digital innovation and analytical tools.
The project—East North Interconnection Company Limited (ENICL)—provides critical inter-state connectivity for evacuation of power from generation plants in the north-eastern region. It also aims to end power shortfall in Assam during non-monsoon months.
The government has signed Memorandum of Understanding with Bhutan, Bangladesh, Nepal, and Myanmar to inter-alia improve power connectivity and enhance energy trading in the region.
India’s energy storage juggernaut is on a roll with the country discovering the cheapest renewables cum storage tariff in history, anywhere in the world. The technology chosen is pumped storage. And by setting up an enabling environment, the government has signalled its commitment to boosting the market!
The digital platform automates the entire distributed solar project design and net metering approval process, which is crucial in today’s era of social distancing and remote business operations driven by COVID-19 globally.
For one of India’s largest foreign investors, it’s time to invest in renewables.
U.S.-owned analyst Wood Mackenzie expects solar demand to decline but predicts the market will recover, with the prospects for the energy transition remaining intact.
Under joint venture ‘Shuchi Anant Virya,’ Fourth Partner Energy has commissioned solar powered charging facilities in Gurugram and Pune which will enable commercial electric vehicle (EV) fleet operator Lithium Urban Technologies to charge around 30 and 40 EVs, respectively, at the same time.
The selected developers shall set up renewable power projects on build-own-operate basis anywhere in India and complement the generated renewable power with thermal power, if needed, to ensure round-the-clock power supply.
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