INDIA’S ENERGY AMBITIONS are as vast as its landscape. Prime Minister Modi’s bold 500 GW renewable energy target by 2030, nearly threefold the 175 GW installed today, signals a dramatic shift from coal-fuelled growth to a future powered by sunshine. But this renewable revolution won’t be driven by wind farms and solar panels alone. Three critical trends are reshaping the energy landscape, promising to ensure reliable, equitable, and sustainable power for the world’s second-most populous nation.
The Rise of RTC (Round-the-Clock) Power
IRENA’s Renewable Capacity Statistics 2023 report revealed a remarkable shift. An impressive 83 per cent of all new power capacity added last year was from renewable sources. Evacuation of this copious amount of green power, however, involves two fundamental aspects. Firstly, it involves the physical transfer of green electrons originating from renewable rich locations like Bikaner (Rajasthan), Khavda (Gujarat) and Gadag (Karnataka) into the grid so that it can be consumed in load centres like Maharashtra, UP, West Bengal. This process primarily revolves around the building of large cross-country transmission lines. If we go by the IEA report, the world will need more than 80 million km of grids by 2040, equivalent of the entire existing global grid, to achieve climate goals.
Diese Geschichte stammt aus der January 13, 2024-Ausgabe von BW Businessworld.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der January 13, 2024-Ausgabe von BW Businessworld.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Making India A Renewable Hub
The industry stresses on fostering public-private partnerships that can lead to the development of distributed energy infrastructure, supporting the decarbonisation efforts of clients and communities alike
Feeling The Heat
After a dream run, India's domestic transportation sector is now finding itself bogged down by demand slowdown, inventory pile-up, high fixed cost, rising petroleum and ATF prices and, of course, the unprecedented summer heat
'WE EXPECT ENGINE OF PRIVATE INVESTMENT TO GATHER PACE'
Newly appointed CII President SANJIV PURI explains to ASHISH SINHA of BW Businessworld why the Cll is optimistic about Indian industries boosting economic growth and outlines the future roadmap. Excerpts
Global Digital Platforms and Geopolitics
THE OVERWHELMING rise in the might of technology companies is a matter of universal concern – as much from the competition law and business policy angle as from the viewpoint of sovereign security.
Descriptive Designations
DESIGNATIONS are morphing more rapidly than deep fakes that go viral. At one time, most organisations had decades-old designations which gave one a clear sense of the relative hierarchical position in the organisation.
The iPhone and the Lada!
NA RECENT VISIT to Azerbaijan, I had a chance to see mud volcanoes. Seeing those eruptions, the craters, and the mud-like lava was quite an experience.
THE 'VIKAS' WISHLIST: OUR EXPECTATIONS FROM NDA 3.0
NATIONAL Democratic Alliance (NDA) 3.0 has positioned itself with ambitious pledges to revitalise the Indian economy.
Learning & Development Need to Be Unlearned First
IN ANY SPHERE OF LIFE, the importance of continuous but impactful learning and development cannot be overstated.
INDIA ON THE RISE: COULD THOSE LEFT BEHIND JOIN THE PARTY?
INDIA’S ECONOMIC RISE has been nothing short of remarkable.
DESIGN DONE RIGHT
The fifth edition of the Future of Design Summit and Awards, held on May 16 in Mumbai, brought together design enthusiasts and industry leaders to celebrate innovation and sustainability.
