TN among nine global market leaders in renewables

New Delhi, Feb 14: A new research by US-based Institute for Energy Economics and Fincial Alysis (IEEFA) on Wednesday showed how nine major global power markets, including India’s Tamil du, have achieved an outsize share of wind and solar generation while assuring the security of supply. They are providing compelling examples of the fast-moving evolution of electricity generation. The report, ‘Power-Industry Transition, Here and Now’, includes case studies of markets — ranked by relative share of reliance on variable renewables — that include Denmark, South Australia, Uruguay, Germany, Ireland, Spain, Texas, California and the Indian state of Tamil du.

“Our report shows that on the ground now and in a variety of markets these renewable-energy leaders have raced ahead of much of the rest of the world in proving how power grids can be readily sourced with up to 50 per cent of their energy from wind and solar,” London-based IEEFA energy fince consultant and lead author of the report Gerard Wynn said. “As we speak, renewables are being integrated in these states and tions at levels in excess of 10 times global averages by using a menu of options and actions to integrate these clean, low-carbon power sources into electricity markets.” “The tools exist now to spectacularly grow the global generation of wind and solar power worldwide,” Wynn said. (IANS)

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