Driving India’s energy transition
India needs to look at a diverse set of flexibility options such as natural gas capacity, variable renewables themselves, energy storage, demand-side response and power grids, to ensure successful integration of wind and and solar PV, says an International Energy Agency (IEA) report.
“This flexibility is available not only from the coal fleet – it can also come from natural gas capacity, variable renewables themselves, energy storage, demand-side response and power grids,” highlights the report.
As many of these solutions are not yet fully utilised in India, the report empahsises on putting in place “electricity market reforms that enable the appropriate price signals and create a robust regulatory framework” to fully activate a diverse set of flexibility options.
Lauding the government for these achievements, IEA report highlights further improving energy security as a key priority for India’s economy, with the country’s demand for energy set to double by 2040.
India has seen a strong growth of renewables, which now account for almost 23% of the country’s total installed capacity. By December 2019, India had deployed 84 GW of grid-connected renewable electricity capacity, against total generating capacity of 366 GW.
Further, energy efficiency improvements in India cut 15% of additional energy demand, oil and gas imports, and air pollution as well as 300 million tonnes of CO2 emissions between 2000 and 2018—according to IEA analysis.