Wind-Solar Hybrid

WoodMac says renewable electricity generation in India could be 56% cheaper than coal-fired by 2030

The analyst said currently, India and Australia are the only Asia Pacific countries where renewable power already costs lower than new-build coal. It predicted the trend would spread to the entire region by the end of the decade, while India and Australia would see renewables becoming further cheaper than coal.

Evolving risks could dampen solar investment flow

Indian solar sector remained buoyant even amid Covid pandemic as 15.3 GW of solar capacity (including solar-wind hybrid) was sanctioned in the current year’s first half itself. However, returns expectations from equity investments rose from around 14% in the first half of 2019 to 16-17%, indicating heightened risk perceptions among investors.

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India’s wind-solar hybrid capacity could grow 80 times in three years

A new report by the Institute for Energy Economics and Financial Analysis (Ieefa) and JMK Research estimates India to have about 11.6 GW of operational wind-solar hybrid capacity by 2023.

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India still nowhere near energy sufficiency

The government is trying to harness renewables to increase domestic output but will need a more liberal energy market and to consider the structure of procurement auctions, cloying red tape and the financial travails of state utilities if it is to achieve its goals, says Rakshika Kaul of Amp Energy India.

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Gujarat tenders 500 MW of solar

Projects can be established anywhere in the state which has spare grid capacity, with the relevant substations listed on the Gujarat Energy Transmission Corporation website.

American firm ArcVera enters Indian solar market

The Colorado-based firm has set up an office in Bengaluru to deliver consulting and technical expertise to local developers and investors in solar, wind and hybrid projects, including energy storage.

 

India’s renewable energy capacity needs to grow at 16% CAGR to reach 450 GW by 2030

As of June 30, the country installed 90.5 GW of renewable energy capacity from solar (utility-scale and rooftop), wind and biomass resources. 

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Guidelines for using coal-fired power generation to balance intermittent renewables

The Ministry of New and Renewable Energy has specified how procurement of back-up grid capacity will work for electricity distribution companies. The rules consider energy storage solely as part of the 51% clean energy requirement, and instead contemplate coal – with a variable price tariff element – as necessary for evening out supply.

CleanMax installs wind-solar hybrid plant for US food major’s Karnataka facility

The 15 MW wind-solar project—set up in captive mode—will meet close to 70% of Cargill’s Davangere facility’s electricity needs. 

Hybrid and RTC projects to boost India’s RE and energy storage market

The global hybrid energy market, including energy storage, is projected to touch $40 billion by 2025. It is an opportunity that India has capitalized upon, earlier than others.

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