Renewable Revolution

EcoWatch



By Lorraine Chow

Dec. 15, 2017 11:33AM EST

SNIPPET:

A wind, solar and battery storage plant is being planned for the southeastern Indian state of Andhra Pradesh, which has faced power woes in recent months due to grid failure.

The renewable energy facility will consist of 120 megawatts of solar, 40 megawatts of wind, 20-40 megawatt-hours of battery backup and will be spread over 1,000 acres in the district of Anantapur.

According to CleanTechnica, such an installation will be the world's largest once commissioned.

The estimated $155 million project was jointly developed by Solar Energy Corporation of India, the renewable energy agency of Andhra Pradesh, NREDCAP and Andhra Pradesh Transco.

Significantly, the plant will receive funding through a loan from the World Bank  , which announced this week that it would stop financing oil and gas projects    to help the global shift to cleaner energy sources.

As CleanTechnica noted, the bank's support is good news for the project:

"The fact that the World Bank has agreed to fund the project means that the tariffs would likely be extremely competitive, even with the existing thermal power plants in the country. The World Bank had offered debt funding for a 750 megawatt solar power park in the state of Madhya Pradesh earlier this year. The auction for that solar park broke the record for the lowest solar power tariff in the country at that time."

Full article:

https://www.ecowatch.com/solar-wind-storage-2517664506.html

Agelbert NOTE: It's not enough to put much of a dent in the fossil fuel corporations' current profit over planet worldwide rampage of oil and (fracked) gas unrestrained and unregulated production, but it is better than nothing.