The investment will be used to establish an extra-high-voltage transmission link between Virudhunagar and Coimbatore to transfer the additional generation capacity of 9 GW, including 6 GW from renewables, by 2025 to meet the increased power demand in the Chennai–Kanyakumari Industrial Corridor.
The Indian capital has so far installed only 146 MW of rooftop solar capacity, against year 2019 target of 606 MW set under the Delhi Solar Policy. The slow growth is primarily due to certain myths among consumers which need to be debunked with better installer-consumer connect—says Delhi Solar Campaigner Sandeep Dahiya who currently leads the 100% UP, SeeNow, Energy & Power Sector reform work in India as a Campaigner at Purpose Climate Lab.
While BHEL will primarily produce Li-ion cells for ISRO and other strategic sector programmes, it can also suitably modify the space-grade cells—and thus leading to cost reduction—to meet the requirements of commercial applications.
The platform connects credible renewable energy projects with investors, and has already delivered 5 MW of energy to a range of companies in Southern India and Rwanda.
The investment—part of a $592 million assistance package—will be used to promote adoption of smart meters, distributed solar photovoltaic systems and e-vehicles in India.
The electric vehicle (EV) charging infrastructure will come up in South Delhi Municipal Corporation area over a 10-year period, starting with installation in 18 locations within 6 months from the effective date.
The pilot plants—installed at a temple and a school—work on a membrane-based electrodialysis technology to provide clean drinking water.
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.
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.
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