Decrease in Cost of Solar by 50% can Increase Solar Penetration by Eight Times: NITI Aayog
A study by India's National Institute of Transforming India (NITI) Aayog found that decreasing solar costs by 50% could increase solar penetration in India by over 8 times compared to current projections. The study also noted that renewable energy adoption in India is highly cost-sensitive and continued policy support is needed to achieve India's renewable energy targets and reduce emissions from the power sector. Lower installation and maintenance costs of renewables would facilitate greater capacity additions of sources like solar and wind in India's energy system.
(Best Practices and Advances in Program Management) Kohl, Kristina - Becoming A Sustainable Organization - A Project and Portfolio Management Approach-CRC Press (2016)
Decrease in Cost of Solar by 50% can Increase Solar Penetration by Eight Times: NITI Aayog
A study by India's National Institute of Transforming India (NITI) Aayog found that decreasing solar costs by 50% could increase solar penetration in India by over 8 times compared to current projections. The study also noted that renewable energy adoption in India is highly cost-sensitive and continued policy support is needed to achieve India's renewable energy targets and reduce emissions from the power sector. Lower installation and maintenance costs of renewables would facilitate greater capacity additions of sources like solar and wind in India's energy system.
Decrease in Cost of Solar by 50% can Increase Solar Penetration by Eight Times: NITI Aayog
A study by India's National Institute of Transforming India (NITI) Aayog found that decreasing solar costs by 50% could increase solar penetration in India by over 8 times compared to current projections. The study also noted that renewable energy adoption in India is highly cost-sensitive and continued policy support is needed to achieve India's renewable energy targets and reduce emissions from the power sector. Lower installation and maintenance costs of renewables would facilitate greater capacity additions of sources like solar and wind in India's energy system.
Decrease in Cost of Solar by 50% can Increase Solar Penetration by Eight Times: NITI Aayog
A study by India's National Institute of Transforming India (NITI) Aayog found that decreasing solar costs by 50% could increase solar penetration in India by over 8 times compared to current projections. The study also noted that renewable energy adoption in India is highly cost-sensitive and continued policy support is needed to achieve India's renewable energy targets and reduce emissions from the power sector. Lower installation and maintenance costs of renewables would facilitate greater capacity additions of sources like solar and wind in India's energy system.
News Articles 所蒐集商情資訊將刊登於綠色貿易資訊網項下國際商情專區,爰請貴中心回傳商情時協 助填寫以下欄位,俾利後臺上稿作業,謝謝您的合作。 All the inquiries / articles provided will be uploaded on website of Green Trade Project Office, in order to accelerate uploading, please make sure that all the items marked with * are filled properly. Thank you for your understanding and cooperation. *為必填欄位/Required 欄位名稱 欄位內容說明 No Item Description 標題* Decrease in Cost of Solar by 50% can Increase Solar 1 Title Penetration by Eight Times: NITI Aayog 國家區域* India 2 Country 說明:此為後臺分類選項,請勾選商情之資訊類別: This is the Back-End category of Green Trade website, 資訊類別* please kindly select the closest classification of the 3 Info article provided. Category □綠色認證資訊/Green Products Certification. □綠色技術新知/Latest Green Technology. □企業綠色資訊/Info of Green Enterprises. 商品類別* □能源與再生能源 Energy / Renewable Energy 4 Industry 新聞日期* 09/10/2018 5 Date 6 商情內容* Continued policy support to promote renewable energy is Content essential to achieve the target, the report stated
Solar penetration in India is highly cost sensitive, says
a recent working paper released by the National Institute of Transforming India (NITI) Aayog.
The study is based on India’s energy and emissions
outlook. By analyzing alternative renewable energy technology cost developments in the future, it was found that a decrease in solar cost by 50 percent can increase solar penetration by more than eight times as compared to the baseline scenario.
This shows that penetration of renewable energy is highly
cost elastic in the Indian market and therefore continued policy support to promote renewable energy is essential to achieve the target.
The paper utilizes a bottom- up energy systems model and
presents a modeling-based approach to understand the future development of India’s energy system and look at how India’s commitments on climate change will affect its future energy and emissions scenarios.
Per the paper, as far as solar and wind capacity is
concerned, without any significant improvement in cost, capacity addition of these renewables in baseline scenario is limited. This is reflected in the renewable share of total electricity generation, as without improvement in technical efficiency capacity addition in solar and wind translates into a lesser than proportionate increase in generation from these sources.
Lower the cost of installing and maintaining the
services, higher the chances of newer capacity addition of renewable energy in the system.
The paper points out that by achieving its targets for
increasing renewable capacity as per the nationally determined contribution (NDC) commitments, India can increase the share of renewables in power generation to 22 percent in 2032 as compared to almost 16 percent in the baseline scenario. In this scenario (NDC scenario), the share of non-fossil sources in installed capacity is 45 percent in 2030, as compared to 35 percent in the baseline scenario. The working paper also notes that by increasing the installed capacity of renewables to 175 GW by 2022, India will be able to surpass its target of achieving 40 percent non-fossil capacity by 2022. With a 45 percent installed capacity from non-fossil sources by 2030, power sector emissions will consequently decline by 11 percent from a business-as-usual development, depicted as a baseline scenario, and thermal generation will continue to be the major source of power supply in the country.”
Per Mercom’s India Solar Project Tracker, India
currently has an installed solar capacity of over 25 GW. Per Mercom’s India Wind Tracker, India’s installed wind capacity is 34.5 GW.
NITI Aayog is an advisory body of the government of
India. Recently, NITI Aayog issued a draft concession agreement for public private partnership (PPP) for operation and maintenance of electric buses in Indian cities. 資料來源* https://mercomindia.com/decrease-solar-cost-increase-solar- 7 Resources penetration/
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(Best Practices and Advances in Program Management) Kohl, Kristina - Becoming A Sustainable Organization - A Project and Portfolio Management Approach-CRC Press (2016)