Green mobility: IREDA launches scheme to finance battery storage, green hydrogen and fuel cell technologies – pv magazine India

The State-controlled renewable energy and energy efficiency lender has launched a scheme to finance new and emerging technologies that promote and increase the usage of renewable energy in the transport sector. 
BluSmart electric mobility
BluSmart/bp
The Indian Renewable Energy Development Agency (IREDA), a State-controlled renewable energy and energy efficiency lender under the Ministry of New and Renewable Energy, has launched a scheme to finance new and emerging technologies that promote and increase the usage of renewable energy in the transport sector. Under the scheme, it shall also provide finance for EV fleet owners/operators and charging Infrastructure owners—thus financing the entire value chain of green mobility.
Technologies eligible for financing include “battery energy storage systems (BESS) and batteries, projects involving production of green hydrogen (electrolyzers), fuel cells, manufacturing/ assembling plant of electric vehicles and associated components, and waste recycling units to meet the demands of the renewable energy sector, electric mobility and BESS segments.”
IREDA is already financing compressed biogas (CBG) and bioethanol production projects to meet the demand for sustainable alternatives towards mobility. The new Scheme further extends its mandate for financing the entire value chain of green mobility as accelerating energy transitions away from carbon-based fuel sources is key to achieving climate mitigation promises and energy security objectives for the nation. 
Recently, the Government of India set a target of the non-fossil energy capacity of 500 GW by 2030 and Net-Zero by the year 2070. Electricity comprises only around 16.5% of the final energy consumption at the national level and additional efforts are required to reduce greenhouse gasses (GHG) emitted by the remaining 83.5% energy sector. Accordingly, for large-scale integration of renewable energy and increasing its usage in the economy beyond scope of meeting power sector requirements only, there is a need for constant focus and investments in new and emerging technologies to integrate renewable energy usage in the industry and transport sector. 
Development of robust manufacturing and deployment infrastructure for battery energy storage systems, green hydrogen, biofuel, green mobility, and charging infrastructure shall play a major role to meet this goal. 
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
More articles from Uma Gupta
Please be mindful of our community standards.
Your email address will not be published. Required fields are marked *



By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.
Legal Notice Terms and Conditions Privacy Policy © pv magazine 2022
This website uses cookies to anonymously count visitor numbers. To find out more, please see our Data Protection Policy.
The cookie settings on this website are set to “allow cookies” to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click “Accept” below then you are consenting to this.
Close

source

Share:

More Posts

Market Research

Pulse Surveys

Turn feedback into action

Our survey platform makes it easy to measure and understand feedback so you can drive growth and innovation

Pulse Handshak

Pulse Handshak

Collaborative online survey tool for the market research industry. Remote assisted surveying just like face-to-face interviews. Here interviewers can talk to the respondent over the web-console without the need for any other communication channel and share the same Q're with responses and click actions.

Pulse FE

Pulse FE

Pulse Field Expert or Pulse FE is the main platform for both offline and online survey at softofficepro.com. It is robust and used by hundreds of clients over tens of years with millions of responses. Do it once Q're and deploy on both offline devices (android) and online forms makes it a great cost effective platform for any kind of responses

Pulse Ultimate

Pulse Ultimate

Pulse Ultimate is targeted for tracking studies and retail audits. An offline survey system offering extreme field control including processes like data quality check, back-check, rework, comparison with previous wave data etc. helps to get the best results on a day-to-day basis

Pulse LS

Pulse LS

Use a managed Limesurvey and our expertise for creating complex forms and token based user management. Use optional mailing system to send survey invitation to each participant and track progress of the response status. Industry standard SPSS / R output supported