The case for distributed solar with storage
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.
India’s 2030 electric vehicle ambition could create INR 85,900-crore battery opportunity
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.
Novel financing model gives competitive advantage to international renewable energy players
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.
India’s path away from climate disaster lies in the rapid growth of renewable power
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.
INR 2.0/kWh tariff is a new milestone in Indian solar PV history
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.
Hybrid power solutions using solar with grid take off in India
A recent GOGLA report indicates an increasing trend towards hybrid power solutions that integrate DC solar with AC grid power, and appliances that integrate both AC and DC power. In particular, the sales of hybrid solar inverter UPS in India is growing at 25% annually, much faster than conventional inverters’ 10% annual market growth.
CERC calls for proposals to study useful life and CUF of solar projects
The regulator has sought a detailed study after it received requests for reconsidering the useful life and capacity utilization factor (CUF) of solar projects as notified in draft regulations 2020.
SECI tweaks 100 MW solar-plus-storage Chhattisgarh tender
The Solar Energy Corporation of India has issued amendments to the procurement and extended the bidding deadline a second time.
India and Israel to work together on perovskite solar cells and lithium sulfur batteries
Low-cost batteries and novel perovskite materials are among the topics selected for joint research and development.
Financing distributed solar energy
A new report by Auroville Consulting highlights gaps and challenges existing today in financing rooftop solar based on its evaluation of the international lines of credit’s implementation at the state level (for Tamil Nadu), and the availability and accessibility of the financial support.
