09 Nov '17, 5pm

Can India Lead the Global Minigrid Market Like China Did With Solar PV?

Between 2006 and 2016, China evolved from a bit player in solar panel manufacturing to a behemoth. In the process, it sparked a global boom in renewable energy and created a huge domestic industry. India now finds itself in a position to do something similar for renewable energy minigrids  --  if the government seizes the opportunity. The microgrid market has massive potential. According to various estimates, it is expected to double by 2022, reaching between $23 billion to $39 billion, depending on the source. Similarly, minigrids (basically smaller-capacity microgrids) are gaining traction in growth economies in Africa and Asia, and are expected to play a major role in bringing electricity to the 1 billion people around the globe who are living without access to any power. According to recent IEA analysis, minigrids and off-grid installations are the lowest-cost option f...

Full article: https://www.greentechmedia.com/articles/read/can-india-le...

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