Photo: MintNew Delhi: The energy storage market for off-grid renewable energy in India will be worth Rs16,500 crore by 2022, Delhi-based Council on Energy, Environment and Water (CEEW) said. "While the need for managing intermittency of renewable energy is often highlighted, flexibility in our generation resources is desirable. In June 2015, the government increased its solar power target from 20,000 MW to 100,000 MW by 2022. In an analysis released on Friday, the climate think-tank said rooftop solar alone will make up 80% of this, touching Rs13,000 crore. "Currently, the higher cost of energy storage solutions limits rooftop solar system installation to cater to base load.
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India was ranked third on the last year's EY renewable energy country attractiveness index (RECAI) behind the US and China. In 2016–17, India added 12.5 gw of renewable energy capacity, compared to 10.2 gw from conventional sources. In an annual ranking of the top 40 renewable energy markets worldwide in terms of allure, China was ranked at the top, followed by India. NEW DELHI: India has overtaken the US to become the second-most attractive country after China for renewable energy investment, according to a report by UK accountancy firm EY. Wind is expected to deliver 60 gw, with biomass and small hydro accounting for the remaining 15 gw," EY said.
Today's low-cost environment is opening up new options for electricity generation, just as energy storage technology is coming of age. Large companies are already investing heavily in energy storage batteries to meet growing demand for reinforcement of renewable energy supplies, in developed and emerging markets. The UAE has been at the forefront of global energy markets with its successful renewable energy auctions, and is now in an excellent position to also take a leadership role in energy storage, a young market with great potential. For governments across Mena, including the UAE, the emergence of an energy storage market opens up a new set of decisions about how best to generate and distribute electricity. Critically, it offers the chance to lock in low-cost, emissions-free renewable energy for domestic consumption while reserving oil and natural gas for export.
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collected by :Jack Luxor
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India pips US on renewable energy investment, but trails China- The New Indian Express
India was ranked third on the last year's EY renewable energy country attractiveness index (RECAI) behind the US and China. In 2016–17, India added 12.5 gw of renewable energy capacity, compared to 10.2 gw from conventional sources. In an annual ranking of the top 40 renewable energy markets worldwide in terms of allure, China was ranked at the top, followed by India. NEW DELHI: India has overtaken the US to become the second-most attractive country after China for renewable energy investment, according to a report by UK accountancy firm EY. Wind is expected to deliver 60 gw, with biomass and small hydro accounting for the remaining 15 gw," EY said.
The UAE is well placed to take the lead in renewable energy storage
Today's low-cost environment is opening up new options for electricity generation, just as energy storage technology is coming of age. Large companies are already investing heavily in energy storage batteries to meet growing demand for reinforcement of renewable energy supplies, in developed and emerging markets. The UAE has been at the forefront of global energy markets with its successful renewable energy auctions, and is now in an excellent position to also take a leadership role in energy storage, a young market with great potential. For governments across Mena, including the UAE, the emergence of an energy storage market opens up a new set of decisions about how best to generate and distribute electricity. Critically, it offers the chance to lock in low-cost, emissions-free renewable energy for domestic consumption while reserving oil and natural gas for export.
read more visit us Energy markets
collected by :Jack Luxor
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