Solar and wind to drive two thirds of India’s power generation growth by 2032
-
Delhi
-
3 October 2023
Other key findings of the report include:
- Solar is now playing a bigger role in meeting India’s peak demand, which is more likely now to occur in the daytime hours. Building grid flexibility and storage is now more crucial than ever to avoid shortages in the evenings and early mornings.
- The NEP14 storage capacity targets, including pumped hydro storage and battery storage, will be capable of shifting 15% of power generation from solar and wind sources in the daytime hours to early morning and evening hours by FY 2032.
- A setup of providing dispatchable solar power with storage capacity is likely to be more cost-competitive than building new coal plants as India accelerates its transition to renewables.