The global installation of photovoltaics is expected to reach the terawatt level within just five years, according to Bloomberg NEF. And with more than 99.1 GW of grid-connected solar installed in 2017, switching on to the importance of storage is key.
Saurabhbhai Patel, Minister of Energy, Government of Gujarat, has announced that the state will soon issue a 250 MW grid-connected solar tender linked with storage. He also said that Gujarat will add more than 5 GW of new PV capacity in the next three years.
India’s Prime Minister kick started the first Assembly of the ISA, the second IORA Renewable Energy Ministerial Meeting, and the 2nd Global RE-Invest yesterday in Greater Noida. The agenda of the day? Universal access to solar energy at affordable rates; securing 40% of India’s electricity generation from non-fossil fuels by 2030, and allocating up to US$80 billion to boost domestic PV manufacturing.
With a rapid reduction in costs, solar plus storage can be an effective alternative for customers buying peak power from the grid. At the same time, utilities can avoid investments in peak capacity or eliminate load shedding by utilizing these resources.
The Solar Energy Corporation of India Limited (SECI) has announced a tender for a 160 MW wind, solar and storage plant to be located in the state of Andhra Pradesh.
In the latest amendment to India’s National Wind-Solar Hybrid Policy, the word “battery” has been removed from a number of clauses, while the scope of storage has been broadened to include all technologies, like pumped hydro, compressed air and flywheel.
The U.S. Trade and Development Agency (USTDA) has approved a grant supporting the technical design and project planning work for IL&FS Energy Development Company Limited’s (IEDCL) 41 MW hybrid wind, solar and energy storage power plant in Andhra Pradesh.
Greenko Energies will set up India’s largest Integrated Renewable Energy Project (IREP) in Andhra Pradesh at an investment of INR 150 billion (US$2.2 billion). Recently approved by the Andhra Pradesh government, the project will comprise 1,000 MW of solar energy, 550 MW of wind energy and 1,200 MW of standalone pumped storage capacities. It is expected to provide employment to 15,000 people during construction and 3,000 people after construction.
If implemented, the huge tendering exercise would dwarf anything that has gone before it. Minister explains bidding will also include solar manufacturing and storage elements.
Underlining India’s commitment to becoming the global renewable energy leader, Shri Anand Kumar, secretary of the Ministry of New and Renewable Energy, said the country plans 500 GW of capacity by 2030. He also underlined plans to become a solar and storage manufacturing hub; and said the International Solar Alliance needs to widen its membership.
This website uses cookies to anonymously count visitor numbers. To find out more, please see our Data Protection Policy.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.