In India, the lack of suitable fiscal incentives and relevant experience, combined with high upfront capital costs, has hindered the adoption of battery energy storage systems (BESS) in comparison to other developed countries. However, there is potential for the country to take the lead.
The Beijing-headquartered Asian Infrastructure Investment Bank—which recently approved a US$75 million loan to Tata Cleantech Capital—sees private-sector investment flowing into the nation’s solar and wind projects next month onwards.
Continuing delays in payments from utilities, regulatory uncertainty on tariff matters and tight financing have hit the industry hard.
The financial failings of India’s electric companies have once again come to the fore as the power minister warned the seven worst offending states the lengthening debts they owe renewables developers could be recovered via the National Company Law Tribunal.
A minister said an unnamed private investor had proposed an 800 MW solar project in the state on top of a 900 MW scheme being carried out with Japan. But the chairman of power giant NTPC said AI and digitization should be used to extend coal burning for decades to come.
pv magazine’s Quality Roundtable at the 2018 Renewable Energy India (REI) Expo, took place in front of a packed audience. It discussed current problem areas; how solar developers and solution providers can improve the quality of Indian solar PV installations; and innovative financial instruments to reduce the cost of debt and scale up infrastructure investment.
Vikram Solar and CEA will look to enhance research and development on high-efficiency crystalline silicon cells, modules and systems. A host of high-efficiency generation and storage technologies for French and Indian markets are also in the planning.
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