From The Economic Times · ANI · · 50s
India Shifts to Renewables for Energy Security
Power Secretary urges India to cut oil dependence, boost renewables amid global energy shifts.
In brief
Power Secretary urges India to cut oil dependence, boost renewables amid global energy shifts. India must reduce oil and gas reliance and accelerate renewable energy adoption to enhance energy security. Originally reported by The Economic Times.
Energy Security Shift
India needs to reduce oil and gas dependence and accelerate renewable energy adoption.
“Today's outlook after Hormuz, we have to accept that we need to move away from oil and gas wherever we can.”
Renewables as Key
Renewable energy is critical for India's energy security amid global changes.
“Sun, wind, biomass, maybe nuclear and coal. So, whether we like it or not, renewable energy is a reality and is a key to our energy security.”
Grid Challenges
Solar and wind capacity concentrate in states like Rajasthan and Gujarat.
“Geographical concentration of renewable energy is a major challenge for grid stability.”
Storage Costs Drop
Battery storage costs fell from rs 10 per unit in 2023 to rs 4 per unit.
“The economics and assumptions around the power sector had changed significantly in the last three years.”
Nuclear Roadmap
India targets 100 gw nuclear capacity by 2047 with 16,000 mw pumped storage projects underway.
“India is now working on a roadmap for one hundred gw of nuclear capacity by two thousand forty-seven.”
Next Steps
National Electricity Policy will include flexibility mandates for large consumers and green hydrogen projects.
“The upcoming national electricity policy would incorporate flexibility mandates for large consumers such as data centres and green hydrogen projects.”
The bottom line
India must reduce oil and gas reliance and accelerate renewable energy adoption to enhance energy security.
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