Search results for “electric vehicles”

Lead-acid battery manufacturer Exide Industries has entered into 26-30% equity shareholding agreement with Singapore-based Cleantech Solar Energy for three captive solar power plants to be set up for its manufacturing units in Tamil Nadu, Haryana and Maharashtra.

All-electric buses will cost the same as diesel options by 2030 – and possibly earlier – according to research into the global EV market which highlighted the potential for India to follow China’s lead in the sector.

The Chinese manufacturer’s PV module shipments increased 16% to touch 11.4 GW in 2018, making it the top global supplier with market share of 12.8%.

Finnish clean-energy company Fortum, in cooperation with US-based inductive charging specialist Momentum Dynamics, will install induction-based infrastructure to allow for wireless charging up to 75 kilowatts.

The Gurugram-based commercial solar player has installed a 736 kWp rooftop solar plant at Mandoli Jail in Delhi. The power generated from the plant—built on ‘pay-as-you-go’ model—will cost about 50% cheaper than grid electricity.

As India plans to set up large lithium-ion battery plants, the Lithium Triangle countries in South America (comprising Chile, Argentina and Bolivia) have offered to meet India’s growing demand for lithium.

Government-owned Bharat Heavy Electricals Limited and Australian business Libcoin are in talks to form a joint venture to build a 1 GWh production capacity lithium-ion battery plant in India that would eventually be scaled up to 30 GWh.

Solar and/or wind are said to be the cheapest source of new energy generation in all major economies, apart from Japan, finds BloombergNEF. It adds that China’s utility-scale PV market has contracted by over a third this year; and that battery costs are set to drop a further 66% by 2030, driven by EV adoption.

As the deployment of renewable energy continues to expand around the world, driven by various inputs, such as capital allocation and investment, falling capital costs, competitive LCOE and various policy mechanisms, we are now moving towards a new era for renewable energy. ‘Renewables 2.0’ will have significant, wide-ranging consequences for all market players, as regulators reduce their support and power producers seek new revenue models. In this article, Duncan Ritchie, partner at Apricum – The Cleantech Advisory, will look at the key market developments for renewables, explode the myth of grid parity, highlight the need for flexibility and explain the importance of new financing solutions that are capable of meeting the new complexities brought about by ‘Renewables 2.0’.