Latest on the elections and some stock-picking tips that tie in with the nationwide vote and we also look at the upcoming T20 Cricket World Cup.
This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribeBut even if the two had crossed paths this month, any benefit to Tesla or to the Indian economy would have taken years to materialize — if not decades.
This is made possible by allowing consumers of renewable energy to access the inter-state transmission grid at no cost. Industrial companies established in one state, for example, would pay solar and wind farms for energy production in another state — without the added transmission cost. For instance, the cost of producing green hydrogen is reduced by 30% as electrolyzers can be run round-the-clock, according to Goldman.have already set targets of lowering the cost of hydrogen production to $1 per kilogram by 2030, which would seriously undercut fossil fuel-derived forms of hydrogen.
The country has added about 70 gigawatts of solar power capacity over the past decade without piling on further costs by simply maximizing the grid's usage. However, there is a risk that growth in renewable energy production might be held back, unless large-scale investments are made to expand the grid's capacity.
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