Germany’s Gesellschaft für Internationale Zusammenarbeit (GIZ) is preparing to research in Southern India through DNV GL. This research focuses on balancing renewable energy supply and energy demand.
Markus Wypior, the implementation officer at GIZ, outlines that India is a high consumer of energy-consuming over 6500 TWh of energy yearly. Therefore, the plan to develop renewables in the country is to facilitate quality energy delivery. This research is a joint venture by the two nations to revolutionize the renewables sector in the country. The program is also going to strengthen economic ties between these countries so that they can exchange technology.
With this program in action, India is going to transit into renewable energy to compete with the developed nations. Nicolas Renon, an executive at DNV GL – Energy, reports that this project gears the country towards leading in global energy shift.
The research is a program taken over from the Southern Regional Power Committee (SRPC) of India cowling the Southern states of India, including Karnataka, Kerala, Andhra Pradesh, and Telangana.
DNV GL is ready to employ partitioning of services to facilitate the top-notch sharing of electricity among these states. The firm uses renewable energy integration studies to optimize the power-sharing between cities. Also, partitioning of states’ control reserves to integrate mass renewable energy supply for cost-effectiveness and environmental friendliness.
DNV GL is designing recommendations for the SRPC to enlarge their renewable energy base in the energy mix to fit demand. They are creating a comprehensive report for the amalgamation of state control reserves and the renewables. Mercom reports that the country’s total energy installation capacity is rising from 355 GW to approximately 380 GW. The renewables account for 135 GW from 126 GW in the previous year. Solar energy accounts for about 28% of renewable energy.
The renewable industry is developing at a rapid rate penetrating the globe due to its fascinating eco-friendly nature. This energy is also cheap to manufacture and, therefore, affordable for consumers. There are chances that the renewables are going to replace conventional energy. Fossil-fuel energy is expensive and exhaustible. Therefore, wind and solar power are entirely new replacements. They are safe and renewable, and their market share is likely to rise to over 40% by 2050. One of the advantages is there will be a reduction in carbon emissions worldwide by over 70%.