Resource detail

This study examines the contribution of renewable energy towards meeting the country’s energy security while eliminating power shortages and meeting the economic growth aspirations over the next twenty years i.e. till 2031. It specifically explores the possibility of adopting RE generation based on its economics vis-à-vis that of other conventional sources. Further, this study also assesses the financial impact of any subsidy or policy push provided to the RE sector with the aim of achieving energy security for the country. A coalesced qualitative-quantitative approach based on scenario analysis has been adopted to capture the dynamics of Indian power market and address the specific objectives of the study. The approach centres around capturing various attributes of the sector in a quantitative framework under a capacity planning and economic dispatch model followed with the examination of various parameters that can affect the renewable and other conventional generation. The assumptions under these three scenarios are incorporated into India Integrated Planning Model (I-IPM®) for simulating capacity addition forecasts.