Grid stability key to success of green energy

At the inaugural session of the 16th Green Power 2017 organised by CII-Godrej Green Business Centre in Chennai on Tuesday, he said, with the declining tariffs in renewables it will be more and more viable to set up renewable energy projects. However, he added that the drastic fall also was a matter of concern and the companies bidding at such low rates of tariff should ensure that their projects are viable and sustainable in the long-run. 

Enforcement of RPO obligation, grid stability, stronger storage solutions and setting up of a regional grid and inter-State green corridors are some of the steps suggested by Kapur for the progress of the renewable energy programmes in the country. A large portion of the maximum demand of 15,000 MW in Tamil Nadu was being met from renewable sources, he said. 

Ramesh Kymal, Chairman, RE Council, CII-Godrej GBC said renewable energy is the “in-thing now and it has been making rapid strides ever since the Government announced its ambitious target of creating renewable energy capacity of 175 GW by 2022.” The present grid connected renewable capacity is 57,500 MW, representing 17 per cent of total power generated in the country. India is the fourth largest in the world in terms of wind energy capacity. Recent bidding has seen wind tariff going down to Rs 3.46 kwh and he has expressed concern about the viability of rates on a national basis as the wind pattern varied from State to State and even within a State.