• GE Study to Provide Valuable Battery Storage Insight as India Looks to Integrate 160 Gigawatts of Variable Renewable Energy by 2022;
• Study Funded by U.S. Trade and Development Agency to Develop Business Plan for an Integrated Wind, Solar and Energy Storage Project.
Included in the plans was an initiative to invest nearly $2 billion for priority renewable energy projects in the country. Building off of this momentum, today, GE (NYSE: GE) announced that its Energy Consulting business has been chosen by IL&FS Energy Development Company Limited (IL&FS Energy) to examine the feasibility of integrated wind, solar and energy storage projects at its sites in Ramagiri (Andhra Pradesh) and Nana Layja (Gujarat), India.
“Energy storage technologies are essential to the integration of renewables. They help to address the variability of wind and solar PV generation and make renewable energy more acceptable to the grid,” said Sunil Wadhwa, managing director, IL&FS Energy. “For commercial deployment of these technologies, a robust regulatory framework needs to be in place. The flexibility and cost reductions that energy storage technologies provide to grid infrastructure would allow India to achieve an efficient, low-carbon intensity trajectory. The current challenge, however, is to address the initial high cost through a regulatory framework.”
Read more at Newswire
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