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India aims 10 GW of wind-solar hybrid capacity by 2022

India aims 10 GW of wind-solar hybrid capacity by 2022

By BizLED Bureau

June 16, 2016: With the aim to reach 10 GW of wind-solar hybrid capacity by 2022, the Indian government has successfully launched the draft national wind-solar hybrid policy. The policy offers a framework to support large grid connected wind-solar PV system for competent and optimal use of transmission infrastructure among others.

According to the ministry of New & Renewable Energy, the draft national wind-solar hybrid policy has been introduced and being placed for fruitful suggestions and feedbacks from the stakeholders.

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The objective of the policy is to reach wind-solar hybrid capacity of 10 GW by 2022, the ministry said, adding that the policy plans to support new technologies, techniques and way-outs concerning collective operation of wind and solar PV plants.

Better grid stability

The chief purpose of the policy is to offer a framework for promotion of large grid connected wind-solar PV system for competent and optimal use of transmission infrastructure and land, decreasing the inconsistency in renewable power generation, hence, attaining better grid stability.

Researches have shown solar and winds are nearly complementary to each other and hybdridation of two technologies can help to minimise the inconsistency along with optimally using the infrastructure, together with land and transmission system.

Under the class of wind-solar hybrid power plants, wind and solar PV systems will be configured to work at the same point of grid connection. There might be varied approaches towards incorporating wind and solar on the basis of the size of every source incorporated along with the type of technology.

India targets 175 GW of installed capacity

India is targeting to reaching 175 GW of installed capacity from renewable energy sources that include 60 GW from wind and 100 GW from solar by 2022. A number of policy initiatives have been taken to accomplish this target. The nation has already reached the milestone of 26.8 GW of wind and 7.6 GW of solar power installed capacity within May 2016.

The ministry of New & Renewable Energy said that the operating performance of Tata Power in the fiscal year ended March 2016 was higher than expected. Cash flows were stronger owing to steady earnings from the company’s synchronized distribution business and lower losses in the unregulated Mundra project.

India aims 10 GW of wind-solar hybrid capacity by 2022

A drastic reduction in coal prices resulted in lower losses for the Mundra project, where the sale cost for the PPA is fixed. Tata Power’s ratio of funds from operations to debt was stronger at around 12% for the fiscal ended March 2016, against the expected 9%, the ministry said.

The company is expected to emerge as one of the outsized renewable energy players in India but on the whole, renewable energy accounts for less than 30% of the nation’s power generation.

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The ministry said that Tata Power needs to administer its liquidity properly since the planned short-term bridge facility may as well highlight the pressure from high short-term liability and continuing contract breach at the Mundra project. Nonetheless, Tata Power has acceptable banking relationships and access to sustain from its promoters if necessary, the ministry added.

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