IEEFA suggests integrating more renewable energy in power system

Integrating more renewable energy in the power system is crucial for India to meet climate goals, the Institute for Energy Economics and Financial Analysis (IEEFA) said.

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According to the Institute for Energy Economics and Financial Analysis (IEEFA), India must incorporate more renewable energy into its power grid if it is to accomplish its climate change objectives. IEEFA also makes many recommendations in its most recent study to increase the proportion of renewable energy in the nation’s power grid.

Research suggests that India needs to increase renewable energy integration and absorption to meet the 2030 emissions intensity reduction objective. IEEFA Energy Analyst and Report author Charith Konda stated that greater integration of clean energy, especially variable renewable energy, is crucial for India to satisfy rising electricity demand while addressing climate concerns.

While increasing the installed percentage of non-fossil fuel power to 50% by 2030 may be comparatively easy to accomplish, lowering the economy’s emissions intensity to 45% from 2005 levels by 2030 calls for higher integration of variable renewable energy in the power system. Effective time-of-use (ToU) electricity prices would alter consumption patterns to accommodate more integration of renewable energy sources and lessen the need for system balancing, according to Konda. Central government instructs tariff adjustments, signalling demand-side actions.

A well-connected national grid optimizes uneven energy distribution, balancing regional variations and reducing curtailment. Pumped Hydro Storage (PHS) projects and Battery Energy Storage Systems (BESS) are promising energy storage technologies for grid-balancing services.