RK Singh, India’s power minister and president of International Solar Alliance, highlighted the need for investment and research in alternative chemistries for energy storage and in building manufacturing capacities.
The Sixth Assembly of the International Solar Alliance will focus on universalizing energy access through solar mini-grids, mobilizing finance for accelerated solar deployment, and diversifying supply chains and manufacturing for solar.
Already 5.8 million tons of green hydrogen manufacturing capacity is in different stages of installation in India, said power minister R.K. Singh at a summit in New Delhi recently.
The nation is also set to emerge as one of the largest solar module manufacturers. It has considerable existing solar manufacturing capacity and is constructing even larger capacities, including polysilicon.
As on June 30, 2023, around 2.45 lakh agriculture pumps have been installed or solarized under PM KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) Scheme.
A power ministry-constituted panel on electricity market development in India has proposed a market-based mechanism for secondary reserves, power purchase agreements (PPAs) of 12-15 years duration, and 5-minute metering, scheduling, dispatch, and settlement.
The fifth assembly of the International Solar Alliance (ISA) approved Solar Facility, a payment guarantee mechanism to mitigate risks associated with solar projects in Africa.
India and Australia have signed a letter of intent to cooperate on scaling up the manufacture and deployment of ultra-low-cost solar and clean hydrogen.
Rajasthan (8,644 MW), Karnataka (7,483 MW), and Gujarat (6,052 MW) lead in solar installations.
The International Solar Alliance (ISA), which aims to mobilize more than $1 trillion of solar power investment by 2030 in its member countries, expanded its scope of work by launching programs on solar panel and battery waste management and solar-powered hydrogen production in its fourth assembly held recently.
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