Indian Solar — Exciting News Out Of One Of The World’s Largest Economies
The last 3 months have demonstrated a surge in solar installations in India. If this rate continues, coal-fired power could peak in 2024 and this increased solar generation could satisfy India’s increasing thirst for energy.
After a dip in 2020 due to COVID, solar installations have quadrupled in the last three months — from a previous average of 665 MW per month pre-COVID, to 411 MW during COVID, then to an average of 1508 MW per month for the last quarter (June–August 2021). If this installation rate continues, solar capacity would reach 109 gigawatts (GW) by March 2024. This would be more than adequate to meet India’s historic growth rate of 5.7%.
As in Australia, adjustments will have to be made to support the rise in solar and the decline of coal as a source of electricity – grid-scale batteries would need to be installed and deployed to meet peak supply and peak demand. Peak and off-peak pricing structures could be used to encourage industry and the average citizen to use power in a way that supports greater inputs of renewables.
“What the last few months clearly demonstrate, however, is India’s ability to now accelerate the installation of grid-scale solar fast enough to cap coal-fired power before the middle of the decade and potentially to see a gradual coal generation decline from that point on,” IEEFA reports.
With an acceleration of rooftop installations, completion of hydro projects already under construction, and more wind farms, the decline of thermal coal power might be even more dramatic.
Al Gore’s advice to Australia on a recent visit was: “Good luck selling coal to India.” That’s starting to make a lot of sense.
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Earlier this year, Apple canceled its decade-long Project Titan electric car initiative, but a new report from DigiTimes says that Apple’s electric vehicle ambitions might not be over. According to the story, Apple is “assessing the possibility of teaming up with a certain US EV startup, and Rivian is a very likely candidate.”
The report says that there is “speculation among supply chains” that Apple is investigating teaming up with an EV startup. DigiTimes suggests that Apple could take its 10 years of EV and autonomous driving research and team up with another company instead of making its own car.
While it’s “uncertain what form such a collaboration could take,” this report suggests that Rivian is the leading candidate, based on supply chain sources.
There are no other details provided in the DigiTimes report. It’s unclear what a partnership between Apple and Rivian would look like – or whether Rivian would even be interested in such an arrangement. Still, at least based on DigiTimes supply chain sources, it’s something Apple is “studying.”
9to5Mac’s Take
As much as I’d love to see a partnership between Apple and Rivian, I’m choosing not to get my hopes up about this one. The report is scarce on details, and sounds as if it’s based purely on speculation among Apple’s suppliers. I’d wait for something more concrete before getting too excited.
Perhaps most importantly, Apple could provide Rivian with some crucial cash as the company enters the challenging process of ramping up production of its new R2, R3, and R3X cars.
Do you think Apple should team up with Rivian? What kind of collaboration could Apple have in mind? Let us know down in the comments.
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Stories we discuss in this episode (with links)
UPDATE: FreeWire hasn’t closed its HQ just yet
Elon Musk’s no.2 at Tesla goes back to China as the CEO isolates himself at the top
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