Reliance Industries is considering to foray into power storage business with BP Plc. to expand into the country’s growing renewable sector, reported a leading business daily.
The two companies are considering a plan to set up energy-storage projects near solar and wind energy installations and the decision for implementation will be taken in December.
The push into power storage entails with government’s efforts to boost the country’s reliance on renewable power and set it on track to sell only electric cars by 2030.
India’s solar-power capacity has surged fourfold since December 2014 to about 13 gigawatts. Wind installations reached almost 33 gigawatts from 22.5 gigawatts over the same period..
The two companies are considering a plan to set up energy-storage projects near solar and wind energy installations and the decision for implementation will be taken in December.
The push into power storage entails with government’s efforts to boost the country’s reliance on renewable power and set it on track to sell only electric cars by 2030.
India’s solar-power capacity has surged fourfold since December 2014 to about 13 gigawatts. Wind installations reached almost 33 gigawatts from 22.5 gigawatts over the same period..
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