“Energy security of the nation can’t be achieved with renewables alone”: Power minister
RK Singh, union minister for power and new & renewable energy, stated recently that the dependence on coal-based generation is likely to continue till cost-effective energy storage solutions are available.
Cost of battery-based energy storage, INR 10.18/kWh, expected to reduce with VGF and PLI Schemes
Currently, the cost of battery-based energy storage in India is INR 10.18/kWh, as discovered in a SECI auction for 500 MW/1000 MWh BESS. The government has launched viability gap funding and Production-Linked Incentive (PLI) schemes to make battery storage affordable.
India hosts sixth session of International Solar Alliance Assembly in New Delhi
The Assembly has decided to increase the viability gap funding for solar projects in member countries from 10% of the project cost to up to 35%, depending on the capacity and needs of the countries and their respective projects.
Odisha’s Konark sun temple and town to go 100% solar
The central government plans setting up of a 10 MW grid-connected solar project and various off-grid applications like solar trees and solar drinking water kiosks to meet all the energy requirements of Konark town.
Removal of priority-sector lending cap – solar industry reaction
The power minister’s proposal would be a step in the right direction towards meeting the 40 GW rooftop solar target, as it removes a financing hurdle for small and medium enterprises.
