Growth in storage solutions like batteries will facilitate 50 per cent of the global electricity supply from wind and solar by 2050,' predicts Shantanu Jaiswal, Head of India Research, Bloomberg NEF and one of the authors of New Energy Outlook (NEO) 2018 report.

Electric Vehicles (EVs) offer a promising technology pathway for cutting down oil use and carbon dioxide (CO2) emissions on a per-kilometre basis. EVs can achieve 50 g of CO2 emission per kilometre compared to the conventional, internal combustion engine (ICE) cars, which emit between 100 and 150 g of CO2 per kilometre.

Uninterrupted and quality power supply is a precursor to economic development for any country. Electricity transforms people's lives and spurs them towards a better future.

Energy storage technologies have huge potential to significantly contribute to the transformation of Indian electric grid towards a greener, resilient and reliable grid within the next decade.

Power is one of the most critical components of infrastructure and is crucial for both economic growth and welfare of the nation. India's power sector is one of the most diversified in the world, with an investment potential of `15 trillion ($223.67 billion) in the next four to five years.

The country's peak power demand at the end of the financial year 2021-22 will be 235 GW, down 17 per cent from the estimate made in 2012, CEA has said. With this revision, taking into account the lower-than-estimated economic growth in the five years to March 31 2017, the CEA reckons that the country wouldn't need any more coal-based power stations, other than the 50-GW under-construction capacity, till 2027.

The country’s peak power demand at the end of the financial year 2021-22 will be 235 GW, down 17 per cent from the estimate made in 2012, CEA has said. With this revision, taking into account the lower-than-estimated economic growth in the five years to March 31 2017, the CEA reckons that the country wouldn’t need any more coal-based power stations, other than the 50-GW under-construction capacity, till 2027.

In the second half of 2015, Jharkhand Renewable Energy Department (JREDA) had announced India’s then largest tender for allocation of 1,200 MW of ground mounted, grid connected solar projects. The tender size was so large as to meet over 90 per cent of the state’s peak power consumption and over 20 per cent of its overall power requirement.

JREDA had announced India’s then largest tender for allocation of 1,200 MW of ground mounted, grid connected solar projects in the second half of 2015. The tender size was so large as to meet over 90 per cent of the state’s peak power consumption and over 20 per cent of its overall power requirement. Despite this and the state being power surplus, the tender was subscribed by over two times.