India’s total wind-solar hybrid capacity is expected to grow rapidly to reach nearly 11.7 gigawatts (GW) by 2023, according to a new report by IEEFA and JMK Research.
“This is a new and fast-growing market in India,” say the report’s authors Vibhuti Garg, energy economist at the Institute for Energy Economics and Financial Analysis (IEEFA), and Jyoti Gulia, founder of JMK Research.
“There is a lot of interest in the potential of wind-solar hybrid generation to better manage the intermittency problem of standalone wind and solar and to make clean power more competitive against traditional thermal plants,” says Garg.
“Wind-solar hybrid systems can produce more consistent power because solar power is produced during the day, while wind power is typically strongest at night. This inherent complementary nature of wind and solar power makes hybrid systems well-suited to meet energy demand.”
As the Solar Energy Corporation of India (SECI) and several State governments continue to provide incentives to promote the building of new wind-solar hybrid projects, Garg and Gulia predict that total capacity, which is now only 148 megawatts (MW), will increase by almost 80 times in the next three years.
“The government is planning to hold renewable energy auctions for round-the-clock and hybrid projects instead of plain solar or wind tenders. Based on the tenders allotted under various central and state schemes