If ambition were the benchmark of global leadership, India’s NDA Government would surely be it’s torchbearers.
Reminiscent to 2014 when our respected Prime Minister Shri. Narender Modi sparked the imagination of the global community of Renewable Energy leaders by boldly declaring India’s ambition to establish 100 GW of Solar Power plants by 2022, recent announcements made by the country’s politburo give an indication to similar, seemingly unachievable aspirations harboured by India to become a leader in Electric Vehicles and Energy Storage technologies by 2030.
And reminiscent to 2014 – when the global community publicly applauded but privately scoffed at India’s assumedly unrealistic commitment to clean energy – supporters and skeptics alike have derided India’s unplanned and evidently haphazard announced transition to Electric vehicles by 2030.
But being the world’s largest democracy with a population of 1.3 billion people and a population density 3 times that of China, and 10 times that of USA – timely planning isn’t always a luxury that is available with our nation’s leaders, and so we learn to get by with haphazard. And haphazard sometimes achieves 370% growth with power tariffs from renewable energy competing with conventional power and grid parity having been achieved 3 years before what was theoretically deemed possible.
Global Battery use is expected to increase substantially over the next few years, with the inevitable requirement for integration of Variable Renewable Energy in existing electric grids and as a means of Energy storage which plays a key role in the ongoing effort to provide access to those still without electricity.
Between 2014 and 2030, IRENA estimates the total available battery storage for electricity will increase from just 0.8 GW to around 250 GW, and lithium-ion battery prices which have reached USD 350/kWh – which is a 65% decline since 2010 – would fall below USD 100/kWh within the next decade thereby making battery storage economically viable to support self-consumption of rooftop solar PV in locations with high residential electricity prices.
Since 2012, renewable power capacity installations have exceeded non-renewables by a rising margin, with 61% of all new power generating capacity added worldwide in 2015 being renewable energy. By the end of 2015, renewable power generating capacity exceeded 1,811 GW and accounted for more than 28% of global capacity and Solar PV represented the most rapidly growing share.
Therefore it appears safe to assume that the exponential rise witnessed in Solar PV installations since 2012 was what spurred India’s leadership to action in 2014, and with Energy Storage now being at a similar inflection point globally, there appears to be no better time than 2017 for India to stake its ambitious claim to lead the revolution.
If Pascal endeared us to believe in love without reason, Rumi lights the the path for us to find love – teaching us “Your task is not to seek love, but merely to seek and find all the barriers within yourself that you have built against it.”
Juxtaposed in terms of governance, it might not seem wholly incorrect to extrapolate that India’s leadership draws inspiration from the renowned Sufi as it extolls its commitment to achieve leadership across not only Renewable Energy but also Electric Vehicles and Energy Storage technologies, with recent Government announcements reminiscing a firm belief that “Our task is not to seek answers, but merely to seek and find all the barriers within Bureaucracy that Governments have built against it”
And, if Rumi in the 13th Century found it to work with Love, and India in the 21st Century has found it to work with Solar – who’s to deny that it might not work with Electric Vehicles & Energy Storage.
A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility