The latest policy promoting hybrid wind and solar projects by the government is a positive development for the renewable energy sector and is likely to help augment capacity addition in renewables on a larger scale, according to ICRA.
The rating agency said in a report hybrid projects are likely to be competitive in tariff with respect to individual wind or solar energy projects, given their benefits of lower capital cost, optimization of transmission infrastructure and higher expected generation.
The Ministry of New and Renewable Energy (MNRE) had earlier this week announced the national wind and solar hybrid policy. The idea is to provide a framework for promotion of large grid-connected wind-solar PV hybrid systems for efficient utilization of transmission infrastructure and land, reducing the variability in renewable power generation and achieving better grid stability. Read More
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