State formulates draft wind-solar hybrid policy

State formulates draft wind-solar hybrid policyā€¯

The report acknowledges that a big increase in renewables capacity will require some wind and solar farms to be curtailed when supply exceeds demand. The report calculates that by 2030 less than one per cent of United Kingdom and three per cent of German wind and solar generation will be "wasted" due to oversupply.

Telangana government has prepared a draft on wind and solar hybrid power policy to encourage and promote power generation from these non-conventional energy sources, energy minister G Jagdish Reddy said.

"We have to get smarter to deal with power bills, and that means more renewable energy, more flexible energy storage, better demand response and other enabling technology that can help us use our energy more efficiently when it is most needed". To meet these longer-term gaps, the report claims that hydro, interconnectors and gas generation are the only solutions that can ease flexibility economically.

Besides, he urged research and technology institutions worldwide to bring the cost of solar power and storage within the reach of all.

"This study highlights a seismic shift in how power systems will operate in future", said Albert Cheung, head of global analysis at Bloomberg New Energy Finance. Another 100 MW of wind power is being generated.

The study builds on the data and findings issued in BNEF's New Energy Outlook report from June, which highlighted that renewable energy sources will account for around three quarters of the expected $10trn global investment into power generating technologies between now and 2040.

Although the paper predicts a dramatic rise in the use of wind, solar and natural gas between now and 2040, as well as the end of the "boom years" for coal consumption, it stresses that decarbonisation efforts will not move almost fast enough to avoid severe climate change without a major new investment and policy push.

One area of exploration could be the interconnection between the United Kingdom and Nordic nations.

Specifically, the report predicts renewables will account for more than half of United Kingdom and German power supplies by 2026, rising to 63 per cent by 2040. Currently, at least eight cables are being laid under the sea or through the channel tunnel to trade power between the UK, Ireland, France, Belgium, Denmark and Norway. In the highest output months, the United Kingdom could source 70% of its needs from wind and solar and some associations claim that bioenergy could be used to provide the remaining baseload.

Significantly, the legislation will not affect the eligibility of existing solar PV systems to satisfy solar PV requirements if those systems (1) have a certification originating within the geographic boundaries of the commonwealth qualifying the alternative energy system for purposes of the AEPS Act prior to the effective date of Act 40; or (2) have a binding written contract for the sale of solar AECs that was entered into prior to the effective date of Act 40.

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