The 5-billion euro Finnish energy systems provider, Wartsila, is looking to develop India as its biggest Asian market for battery storage solutions, given the huge potential from the country’s solar power play, a top global executive told ET.
India’s solar-power capacity has grown exponentially to around 14 gigawatts (GW) and the government has set an ambitious target of 100 GW by 2020, but storage has been a missing link thus far and the government is now acknowledging the need for it. Therefore, the government wants the industry to set up battery-manufacturing units in India as a sharp decline in prices of batteries between 2010 and 2017 has made battery-backed solar power more viable. Read More…
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