Indian integrated energy company Tata Power Renewable Energy has signed two memoranda of understanding (MOU) with the state government of Tamil Nadu for renewable energy project development and solar manufacturing.
Australia and India have agreed to collaborate on solar manufacturing and deployment, aiming to reduce the cost of solar PV, battery energy storage systems (BESS) and new clean technologies in both countries.
The Indian government has approved production-lined incentives for the country’s solar module manufacturing sector to help the country add an extra 10GW of solar power generation capacity over the next five years.
The global solar industry could enter the terawatt era by as early as 2022, but only if national governments set appropriate, post-COVID stimulus measures in motion.
