8$ Billion Renewable Energy project in India, Backed by German’s development bank
Germany’s development bank will back India’s construction of 8$ Billion project to upgrade its grid to handle a more than doubling of renewable power capacity by 2022. Andreas Thermann, Deputy director at Germany’s KfW said in a phone interview from New Delhi that they will lent an initial 250 million euro ($334 million) to the project on a bidding which was invited by Power Grid Corp of India Ltd., the state-run utility that transmits about half the electricity generated in the nation, in the states of Rajasthan and Tamil Nadu states.  |
| Wind Energy in India |
The new government has pledged to deliver around-the-clock electricity to every Indian home, is seeking to expand and strengthen the creaky grid that suffered the world’s biggest blackout in 2012. As the generation from wind and solar is intermittent and less predictable than output from coal or natural gas-fired plants, they pose a challenge to the grid operators. But in Germany, which hosts some of the world’s biggest wind and solar capacities, suffers so many drops and surges from clean power that the government pays utilities to adjust electricity output within seconds to stabilize the grid.
India has about 32 gigawatts of renewable capacity, which is expected to climb to 72 gigawatts by 2022, according to the Ministry of New and Renewable Energy (MNREA).
India has about 32 gigawatts of renewable capacity, which is expected to climb to 72 gigawatts by 2022, according to the Ministry of New and Renewable Energy (MNREA).
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