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02/03/23 09:42 AM IST

Karnataka and Gujarat made the most progress towards clean electricity transition

In News
  • Karnataka and Gujarat are the Indian states making the most progress in overall preparedness and commitment in the transition to clean electricity.
Major Findings
  • Bihar, Uttar Pradesh and West Bengal have work to do to strengthen their clean electricity transition performances.
  • These three states should maximise their renewable energy generation potential, and at the same time increase their commitment to moving away from fossil-fuels-based electricity.
  • Even the long-considered front-runners of adding renewable energy capacity, Rajasthan and Tamil Nadu, have to improve the readiness of their power ecosystems for a clean electricity transition
  • West Bengal scored low across all the parameters and its outstanding payments to generators have increased by 500% from March 2018 to March 2022.
Methodology
  • The report analysed 16 Indian states that account for around 90 percent of the country’s annual power requirement across four dimensions —
  • the state’s preparedness to shift away from fossil-fuel-based power,
  • its ability to incentivise greener market participation,
  • its power system's reliability and
  • its policies pushing for power sector decarbonisation.
Recommendations
  • Apart from boosting renewable energy capacity and storage, it is suggested that states take a multi-dimensional approach towards clean electricity transition, which includes efforts on the demand side.
  • Innovative bilateral financial markets mechanisms like virtual power purchase agreements (VPPAs) and contracts for difference (CfD) have huge potential to open up the market and give buyers and regulators the required assurance on handling intermittent renewable energy generation.
Source- Indian Express

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