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New modes of renewable energy procurement in India- GV Sanjay Reddy s take

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

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