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New Delhi [India], December 22 (ANI/GPRC): As the share of RE increases, it will have greater impact on the grid. Key challenges include: (a) higher grid integration costs due to the variable and unpredictable nature of solar-wind resources; (b) the need for greater system flexibility and improved voltage control; (c) difficulty forecasting and planning for RE procurement; (d) limited demand-side management by discoms; (e) a focus on the levelized costs of energy from RE rather than the overall cost of supply to consumers; and (f) increased power generation costs for thermal projects. In this analysis, GV Sanjay Reddy, Chairman Reddy Ventures and Vice Chairman GVK, looks at how India's electricity sector is adapting to meet these challenges by implementing innovative RE procurement models. The electricity sector in India is rapidly changing. Renewable energy (RE) capacity in the country has more than doubled in the last few years, reaching 89.2 GW in September 2020. Between the fir

New delhiSanjay reddySolar energy corporation of indiaChairman reddy venturesVice chairmanSolar energy corporationNew delhi indiaEcember 22 ani gprc as the share of re increasesT will have greater impact on the grid key challenges includea higher integration costs due to variable and unpredictable nature of solar wind resourcesb need for system flexibility improved voltage controlc difficulty forecasting planning re procurementd limited demand side management by discoms ea focus levelized energy from rather than overall cost supply consumers andf increased power generation thermal projects in this analysisGv sanjay reddyHairman reddy ventures and vice chairman gvkOoks at how india 39s electricity sector is adapting to meet these challenges by implementing innovative re procurement models the in rapidly changing renewable energy capacity country has more than doubled last few yearsEaching 89 2 gw in september 2020 between the first quarters of 2018 19 and 21He share of renewable energy in the electricity mix increased from 9 8 to 11020 the share of renewable energy in indian grid is expected to reach 55 by 2030Ith 450 gw total installed capacity gv sanjay reddy explains