National Wind-Solar Hybrid Policy: Projects To Cut Cost Of Renewables By A Quarter

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(FE)

The recently unveiled National Wind-Solar Hybrid Policy will help the country meet the target of 175 Gw renewable energy capacity by 2022 (up from 69 Gw now), by cutting generation costs by a quarter, analysts said. The cost reduction would be enabled by nearly doubling the generation at a nominal cost, thanks to reduced variability of output through optimal utilisation of assets, where wind turbines and solar systems will be configured at the same grid connection points.

Industry experts believe with the same evacuation infrastructure — transmission lines and substations — developers can set up additional wind and solar sites at the same locations, increasing the generation efficiency with the average plant load factor (PLF) rising to 40% from 22%.

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