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Spirethoughts

Spire's six most recent Spirethoughts.

EU offers more market access to Vietnam
EU offers more market access to Vietnam
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The World Bank’s USD212 million Green loan for Vietnam
Thumbnail_A global digital currency in the works_
A global digital currency in the works

Next generation solar and wind power in India

Imagine the Nevada desert with thousands of mirrors arranged in concentric circles facing the sky, all lit up by the sun. The reflected sunshine is concentrated towards the top of a tower in their midst, at a height of 640 feet. Does this seem like a scene from a sci-fi movie? Wrong. This innovative power plant generates electricity and can carry on even when the sun sets.

According to research, global energy storage installations are bound to rise from 1,750 megawatts (Mw) in 2016 to nearly 11,000 Mw in 2020.

The lucrative business of harnessing sun and wind energy has picked up in Asia. For instance, Hindustan Power Projects Limited (HPPL) has investments worth INR17,000 crore (out of intended INR35,000 crore). It is also set to enter the wind power arena and set up 3 Gw of wind energy by 2020.

Can solar and wind energy provide a safer, cleaner and more reliable form of energy for the 21st century?


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Phone: (91) 124 646 5499
E-mail: nidhi.singh@spireresearch.com

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