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Wind dominates the renewable energy (RE) segment with an installed capacity of over 34,000 MW. The segment, which was once the leader in RE, may lose its sheen as grid-connected solar energy may take over wind in the coming years

In an interview with POWER TODAY, Dr Rahul Walawalkar, Executive Director, India Energy Storage Alliance (IESA), recommends that India must actively pursue bilateral agreements with rare Earth-rich nations, besides exploring such materials on its own territory to successfully meet the requirements of the emerging energy storage industry.

A recent study has claimed that India would overtake China by a wide margin to become the world's leader in renewable energy by 2050.

Sanjeev K Ahuja, Head, Marketing, Su-Kam Power Systems emphasises the need for a strong storage industry to sustain the rapid growth in the country's renewable energy space.

The Government of India has ambitious plans of increasing the percentage of RE in the energy mix of the country. India's target is to achieve 175 GW generation capacity by 2022.

Given the amount of auctions rolled out currently and the expected future auctions for wind, and with the industry's manufacturing prowess, we can confidently say that the currently-set target of 60 GW can be achieved.

From a perennially energy-deficient state with a peak shortage of 14 per cent in 2010 to a peak shortage of less than one per cent in 2018, India has moved miles from the days of energy blackouts and frequent power cuts.

The UK is readying to import its lock, stock and barrel. A few countries are closely studying it with the intent of imbibing it.