"The ministry has been concentrating on it with the objective that if 100 per cent industry's support is drawn towards it, a definitive policy document will be drafted in this direction as currently the stakeholders involved for this initiative are themselves not clear...," New & Renewable Energy Joint Secretary Varsha Joshi said at an industry event.
The renewable sector has been showing promise, especially in its wind segment, in states such as Rajasthan, Madhya Pradesh, Andhra Pradesh and Karnataka, with Gujarat bouncing back on it, she said.
Joshi ruled out public funding for research and development activities for creating clean energy storage facilities stating that such initiatives would be too expensive at this point of time.
She informed that certain agencies internal and external are currently investing on energy storage facilities from their own investments and the government is monitoring these, saying that if favourable results follow in the next few years, the government might jump into the initiative with public money.
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