Open Access has revolutionised energy procurement in India, shifting from traditional thermal power to renewables like wind and solar. This method is increasingly adopted by industrial and commercial sectors, fueling significant growth in renewable energy usage. The model allows large consumers to buy power directly from generators, bypassing distribution companies, driving down costs and enhancing energy efficiency. With considerable untapped potential, Open Access offers a promising path for economic growth and environmental sustainability in India, which is crucial in advancing the country’s renewable energy goals. Subramanyam shares more insight into the sector and provides a brief on Radiance Renewables solar power assets.
Diverse operational models of Radiance Renewables
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Bu hikaye EPR Magazine (Electrical & Power Review) dergisinin September 2024 sayısından alınmıştır.
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BALANCING GROWTH, SECURITY, AND ENVIRONMENTAL RESPONSIBILITY FOR SUSTAINABLE ENERGY FUTURE
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DEMAND LIFTING RE
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Bioenergy is a renewable energy source derived from organic materials biomass), including plants, agricultural residues, forestry by-products, and organic waste. It can be converted into energy through combustion, gasification, anaerobic digestion, and fermentation, serving multiple purposes such as heating, electricity generation, and transportation fuels. As the world seeks to transition from fossil fuels, bioenergy offers a consistent, sustainable energy source that complements intermittent renewables like solar and wind.
Managing energy transition risks
Energy transition is a strategic shift to low-carbon or renewable sources to address climate change and ensure long-term energy security, but it is also fraught with multiple challenges. The authors believe that using an Enterprise Risk Management ERM) framework can help develop comprehensive Strategies to address such challenges.
Technological innovations addressing renewable energy intermittency
Advanced energy storage and smart grids are crucial for stabilising intermittent renewable energy. In contrast, government policies that promote private investment and green energy access are key to reducing emissions in India’s power sector.
GLOBAL ENERGY LANDSCAPE IS EVOLVING TO ADAPT NON-CONVENTIONAL SOURCES
Innovations in energy storage, grid upgrades, and AI-enhanced efficiency drive the energy transition, while geopolitical tensions and supply chain issues stress energy security and diversification.
Fast-growing energy demand spurs focus on renewable security
Advanced solid-state batteries can store more energy in a smaller space, making them ideal for grid applications where high capacity and durability are essential.
The future of sustainable fuels
Hydrogen Is rapidly becoming vital in the global transition to sustainable energy solutions. Innovative technologies and strategic partnerships accelerate hydrogen adoption, especially in Southeast Asia.
Exploring green hydrogen, nuclear alternatives critical for sustainable future
As of September 2024, India's installed capacity is 452 gigawatts, with 34.13 percent contributed by renewable energy sources.
Solar rooftop technology enhances rural energy security, reducing grid inefficiencies
Decentralised renewable energy systems, including solar rooftops, are significant job creators, particularly in rural areas. These systems have higher job creation potential compared to utility-scale solar projects.
