Opinion | Renewable hybrid energy systems as a game changer
These can generate round-the-clock power with cost and reliability levels comparable to coal-fired plants
India recently conducted two auctions for wind/solar hybrid projects. Both the auctions were under-subscribed, with bids totalling 1.56GW awarded to SB Energy, Adani Green Energy and ReNew Power, against a total of 2.4GW on offer. The discovered prices were marginally below the ceiling tariff of ₹2.70. Although the initial response from industry appears guarded, we believe that renewable hybrids can play a key role in helping India accelerate the decarbonization of power generation and lowering the cost of electricity in the medium term.