iFOREST’s analysis signifies the necessity for accelerated RE capability growth.
New analysis launched by the Worldwide Discussion board for Setting, Sustainability and Know-how (iFOREST) sheds gentle on Assam’s renewable power (RE) era potential and the crucial for coverage enhancement and institutional capability constructing to facilitate large-scale RE growth.
The analysis studies, titled ”Assam Renewable Vitality Potential Reassessment: Focus of Photo voltaic, Wind and Biomass”, ”Enabling Renewable Vitality Development in Assam”, and ”Affect of ISTS Waiver on Economics of Photo voltaic Energy Procurement in Assam”, had been unveiled throughout a multi-stakeholder dialogue organized by iFOREST in Guwahati’s Resort Vivanta on March 27, 2024.
In line with the findings, Assam possesses a considerably increased RE era potential than beforehand estimated by central authorities businesses. This potential is deemed enough to help a low-carbon pathway to fulfill the state’s escalating electrical energy demand. Nevertheless, the analysis underscores the necessity for coverage tightening and institutional capability constructing to beat current limitations to development.
Bibhu Bhuyan, Managing Director of Assam Energy Era Company Restricted (APGCL), highlighted the utility’s dedication to inexperienced development, with plans to increase era capability to 2,000 MW by 2030, 92% of which shall be from renewable sources.
Nevertheless, iFOREST’s analysis signifies the necessity for accelerated RE capability growth. Assam’s electrical energy demand is projected to double by 2030, necessitating practically 3,000 MW of RE capability by 2026-27 and 5,000 MW by 2031-32 to fulfill renewable power obligations (RPOs) and guarantee power safety.
Whereas the official evaluation by the Ministry of New and Renewable Vitality (MNRE) estimates Assam’s RE potential at 14.4 GW, iFOREST’s reassessment suggests a considerably increased capability. To totally harness this potential and stimulate RE investments, structural challenges limiting sector development should be addressed.