India's solar industry will maintain strong growth throughout the 2018 period, but various tariff negotiations are creating some unnecessary uncertainty.
The Indian Ministry of Science and Technology announced on Sunday that the country’s Central Chemical Institute (CEECRI) has signed a memorandum of understanding with Raasi solar power Pvt. Ltd. to establish a lithium battery production base in Bengaluru.
CECRI researchers led by Gopu Kumar have developed a new type of lithium-ion battery technology. CECRI has established an exemplary production facility in Chennai for the production of prototypes for lithium-ion batteries.
The institute emphasized that its lithium-ion battery manufacturing has obtained the global intellectual property (IPRS), which can reduce production costs and thus can be used for large-scale production and commercialization.
Raasi Group will establish a manufacturing facility in Krishnajiri, Tamil Nadu District, and expresses its hope to reduce the cost of battery manufacturing to INR 15,000/KW (US$222) to replace lead-acid batteries. It also plans to make a lithium-ion battery for solar roofs with a 25-year lifespan, and its price will be competitive.
According to reports, India’s annual battery imports amount to around US$150 million. This local battery manufacturing program can support India’s Central Government’s plan for 175 GW (100 GW of solar energy) clean energy in 2022, and it will turn to electric in 2030. car.
According to the latest REN21 report, the solar sector helps create job opportunities. India reported 164,000 jobs in 2017, an increase of 36% over the previous year. In addition to reducing foreign exchange losses, India’s battery manufacturing industry is also very likely. Make the employment rate increase substantially.
