India is poised to steer the transition in direction of a sustainable future with its abundance of renewable assets and a rising curiosity in e-mobility. Leveraging these assets, South India can play an vital function in decreasing carbon footprint, drive financial development, and improve vitality safety, renewable vitality specialists and business gamers say.
Collaborative efforts amongst policymakers, business stakeholders, and civil society can speed up the transition to net-zero emissions, paving the way in which for a cleaner and greener future. India’s formidable ‘India Battery Manufacturing Imaginative and prescient’ goals to attain over 500 GWh capability by 2035, attracting USD 35 billion in investments, they mentioned.
A report by the Middle for Research of Science, Know-how and Coverage (CSTEP) highlighted that the southern states, specifically Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, and Telangana, boast vital photo voltaic and wind vitality potentials, collectively totaling 1,526 GW of photo voltaic vitality potential and 1,124 GW of wind vitality potential.
Nevertheless, reaching this potential requires substantial investments in strengthening the intra-region transmission infrastructure. The report suggests an funding of roughly INR 9,245 crore by 2030, along with the continuing transmission community strengthening initiatives by the Central Electrical energy Authority (CEA).
“Regardless of a number of initiatives by the federal government, the low penetration of rooftop photo voltaic methods, particularly within the home sector, stays a priority. Out of the full 72 gigawatts of photo voltaic vitality capability in India, solely 11 gigawatts are from rooftop photo voltaic installations, with a mere 2.7 gigawatts attributed to the home sector. Putting in 3-kilowatt rooftop photo voltaic methods in 25 crore households throughout India might add 6.3 gigawatts to the grid, a major contribution to reaching 500 GW by 2030,” Bhagyathej Reddy, Director Energy & Utilities, PwC mentioned on the sidelines of RenewX 2024.
Addressing the necessity for environment friendly evacuation of renewable vitality (RE) era from the southern area, the report emphasizes the need of serious upgrades in inter-regional transmission infrastructure. This, it asserts, is essential to facilitate the switch of extra energy to different areas, in the end establishing renewable vitality because the mainstream electrical energy supply in India.
Andhra Pradesh and Telangana additionally exhibit considerable capacities in each wind and photo voltaic vitality. Highlighting the significance of renewable vitality sector Ajay Mishra, Telangana State Advisor, Power Committee, Federation of Telangana Chamber of Commerce and Trade mentioned, “The renewable vitality market in India, notably in South India and Telangana, presents an fascinating situation with the simultaneous development in each renewable vitality and fossil fuels. Regardless of this case, there was vital development in non-fossil gasoline vitality capability. Nevertheless, alongside this development, there has additionally been a 15-gigawatt addition within the renewable vitality sector, accompanied by an 11-12% enhance in coal manufacturing,”
RenewX 2024 showcased South India’s Renewable Power improvements with a deal with sustainability and inexperienced vitality. The 2 day expo witnessed round 5,000 guests exploring the improvements offered by over 150 home and worldwide firms.
“India boasts an enormous pool of younger and dynamic expertise, and lately, the federal government has spearheaded quite a few initiatives to place the nation as a horny manufacturing vacation spot on the worldwide stage. This consists of the file addition of renewable vitality capability, with 18.48 GW added in 2023-24, which is over 21% increased than the earlier yr. Trying ahead, RenewX need to embark on the subsequent stage of development path for South India’s premier renewable vitality present as we take it to Chennai, opening contemporary alternatives for collaboration and innovation,” Yogesh Mudras, Managing Director, Informa Markets in India mentioned.
