iFOREST’s analysis signifies the necessity for accelerated RE capability growth.
New analysis launched by the Worldwide Discussion board for Atmosphere, Sustainability and Expertise (iFOREST) sheds gentle on Assam’s renewable vitality (RE) technology potential and the crucial for coverage enhancement and institutional capability constructing to facilitate large-scale RE growth.
The analysis experiences, titled ”Assam Renewable Power Potential Reassessment: Focus of Photo voltaic, Wind and Biomass”, ”Enabling Renewable Power Development in Assam”, and ”Impression 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 Lodge Vivanta on March 27, 2024.
In line with the findings, Assam possesses a considerably greater RE technology potential than beforehand estimated by central authorities companies. This potential is deemed adequate to help a low-carbon pathway to fulfill the state’s escalating electrical energy demand. Nonetheless, 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 Technology Company Restricted (APGCL), highlighted the utility’s dedication to inexperienced development, with plans to broaden technology capability to 2,000 MW by 2030, 92% of which might be from renewable sources.
Nonetheless, iFOREST’s analysis signifies the necessity for accelerated RE capability growth. Assam’s electrical energy demand is projected to double by 2030, necessitating almost 3,000 MW of RE capability by 2026-27 and 5,000 MW by 2031-32 to fulfill renewable vitality obligations (RPOs) and guarantee vitality safety.
Whereas the official evaluation by the Ministry of New and Renewable Power (MNRE) estimates Assam’s RE potential at 14.4 GW, iFOREST’s reassessment suggests a considerably greater capability. To totally harness this potential and stimulate RE investments, structural challenges limiting sector development should be addressed.
