All future bids for renewable projects would have at least 50% domestic manufacturing component for developers. The government will also soon make it obligatory for project developers to manufacture storage systems.
India has unveiled a national wind-solar hybrid policy that provides a framework for promotion of large grid connected wind-solar PV systems for optimal and efficient utilization of transmission infrastructure and land, reducing the variability in renewable power generation and thus achieving better grid stability.
According to the reports, Gurugram based developer ReNew Power Ventures has paid 40% in equity and the rest in debt for acquiring Actis LLP-backed Ostro Energy. With this acquisition, now ReNew Power’s combined renewable portfolio stands at 5.6 GW.
The Delhi government run by the Aam Aadmi Party has completed three years in the governance, and yesterday announced its budget for the financial year 2018-19. The government has announced India’s first ‘Green Budget’ – it has a 26 point program. With the green budget it is estimated that around 2.1 million tons of CO2 emissions will be reduced.
In an interview with pv magazine, Hi Physix Laboratory India Pvt Ltd CEO, Pankaj Rai discusses the company’s solar venture, including a new testing facility, which will assess crystalline and thin film PV products, and batteries.
Gurugram-based company EXICOM Tele-Systems Ltd has aimed to install 1 GWh of battery energy storage systems by 2018-19. The company has already deployed 125 charging stations for electric vehicles in Delhi-NCR.
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