New finance minister promises support to lithium and EV manufacturing as well as solar and battery-based charging infrastructure.
The Central Indian state wants storage services to help cater for an extra 2.7 million customers brought online by electrification schemes as well as increasing penetration of renewable energy on the grid.
India is looking at gravity-based energy storage to take advantage of the technology’s short response times and flexibility when it comes to grid integration of clean energy sources.
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Bids have ranged between 2.87-2.91 rupees per unit in a 250MW solar auction at a challenging location, known as the Dondaicha Solar Park in the state of Maharashtra.
CEO’s expect 58GW of solar additions over the next five years, while average PV tariffs bids still seen as aggressive.
The first auction for capacity at the Raghanesda Solar Park in the Indian state of Gujarat was scrapped due to high tariffs, but a second attempt has drawn far lower tariffs.
Japan has called on India to immediately review its safeguard duty on imported solar cells to ensure that products that have different characteristics from solar cells are excluded from the measure.
Bridge to India estimates PV waste volumes will increase to 1.8 million tonnes by 2050 in the South Asian nation and has called for “immediate efforts” on related policy.
Fitch: Solid state support will help capacity soar from last year’s 26GW to 105.9GW in 2028, as impact of tariff and tax measures dilute in a few years.