Opinion & Analysis

India needs to install an average of 25 GW solar capacity every year to reach its renewable energy target of ‘450 GW by 2030’ with over 60% (280 GW) from solar. The nation must build enough manufacturing capacity back home to be ready on the supply side to support the new installations. 

Parity in the total cost of ownership already exists for electric two-wheelers and three-wheelers (with subsidy) vis-à-vis their internal combustion engine counterparts. Policy impetus, coupled with the production-linked incentive (PLI) scheme for batteries and auto components (exclusively covering EVs), is likely to further reduce costs and accelerate the transition to electric vehicles (EVs). The transition will also open up the market for new-age companies and innovators across the value chain.

A robust distributed renewable energy ecosystem with a strong domestic industry will help provide good-quality, reliable electricity to rural households and enterprises and thus turbocharge green entrepreneurship—paving the way for a self-reliant India.

The information and communication technology (ICT) and telecom industry is now equipped with a sophisticated range of solutions to meet the enhanced demand for high-speed data and digital services in a green and energy-efficient manner.

Solar pioneer Philip Wolfe looks at areas where solar generating stations are clustered together, without the coordination of organised solar parks.

Today, both Reliance and Fortescue are realizing the huge investment, employment, import replacement and export opportunities in zero emissions industries of the future, both for India and Australia. And they look to be leading the way, fully supported by global financial institutions increasingly seeking to deploy trillions of patient capital in low volatility, non-commodity price exposed zero-emissions energy sources of the future.

The Indian solar power sector is undergoing a technology-backed transformation at every stage from manufacturing to installation to improve cost and performance efficiency.

A combination of booming demand for coal-fired power and a shortage of the black stuff – exacerbated by a political row with Australia – have forced up prices to the extent fossil fuel generators are making a loss on every unit of electricity they produce. pv magazine‘s Vincent Shaw considers the potential solutions.

To achieve its sustainability targets, Southeast Asia will require integrated strategy and execution across generation, transmission, and distribution, as well as planning that balances both capital and operational expenditures. The regional power industry will need partners who can merge data analytics with engineering expertise to deliver timely and actionable insights that realize the full potential of assets and facilities.

The current proposed draft policy has the potential to act as a game-changer for the renewable energy industry. However, the government needs to relook at certain elements.