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RENEWABLE ENERGY GOALS PAVE WAY

FOR BIG STORAGE OPPORTUNITIES IN INDIA

INCREASING DEMAND IS FUELLING INDIA’S REMARKABLE RENEWABLE ENERGY
GOALS, BUT WITHOUT STORAGE THE COUNTRY IS CURTAILING HUGE AMOUNTS OF
WIND AND SOLAR ENERGY. ONE WILL SURELY NEED THE OTHER IF IT IS TO MEET
ITS AMBITIONS.

Industry forecasters predict India’s energy consumption will Leading the charge
increase 4.2% per annum up to 2040 — faster than all major While countrywide goals are moving forward, first-mover
economies in the world. It currently has around 73 GW of installed advantage of individual states like Karnataka are opening up as
solar capacity, making it the fifth biggest market in the sector. it positions itself as the leading renewables energy state in India.
The forecast is backed by India’s ambitious goal of adding One of the state’s primary objectives is to achieve a minimum
227 GW of renewable energy by 2022 through mainly solar additional capacity of 6 GW by 2022 building on the successful
(113 GW) but also wind (66 GW), biomass (10 GW) and small instalment of 12 GW of renewable capacity as of March — after
hydro (5 GW). Offshore wind and solar farms will likely generate having added 5 GW in 2017/18 alone.
around 31 GW of the energy mix. By 2028 the state wants renewable energy to account for 60%
The country’s energy evolution is so rapid that BP’s Energy of available power capacity.
Outlook states that renewables will overtake gas and oil in Bangalore, the capital city of Karnataka — India’s self-styled
India’s domestic energy production by 2020, but will remain Silicon Valley technology hub and future capita for energy
behind coal for at least two decades. storage production — is said to be the best place in India to do
business in the energy storage industry.
The government’s Electric Vehicle and Energy Storage Policy
2017, has set the state a specific EV and energy storage policy
with the goal of making Bangalore India’s hub for energy storage
and electric vehicle production. The government is set to create
charging infrastructure by subsidizing charging and battery
swapping stations. Around $4.8 billion is expected to be poured
into this program and 55,000 jobs are expected to be created.
However, today peak renewable energy production is being
curtailed as the state lacks the ability to shift the peak supply at
noon to the time of peak demand at 7.00pm.
The southern state has reported it curtailed 18% of its energy
production last October and November and up to 3.5 GW each
day last June, according to figures from the National Renewable
Energy Laboratory.
Rahul Verma, senior associate and energy economist
at consultants Fractal Energy Storage said the challenge
EXPECTED ALL INDIA DUCK CURVE
of integrating renewables would come as supply moves
(After considering 20,000 MW of Solar Generation by 2021-22)
independently of demand, with both solar and wind energy

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