Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
INDIA

India Records 12 GW Drop in Solar Power Generation During Eclipse

India’s electricity grid recorded around 12 giga watt (GW) drop in solar power generation during the solar eclipse on Sunday. The power grid operators successfully managed the shock due to the sudden drop and surge in generation during the celestial event.

Events such as these prove India’s ability to manage its growing green energy generation and the impact on the national grid. This was also evident on 5 April, when India pulled off a feat in electricity grid management during a 9-minute blackout, called for by Prime Minister Narendra Modi.  The grid management’s ability also adds heft to India’ ambitious global electricity grid strategy, with the National Democratic Alliance (NDA) government calling for bids to roll-out the “One Sun One World One Grid” (OSOWOG) plan.

The plan has been spread across three phases. The first phase deals with the Middle East South Asia, South East Asia interconnection for sharing green energy sources such as solar for meeting electricity needs including peak demand. This also comes in the backdrop of the US withdrawal from the Paris climate deal and China’s attempts to co-opt countries into its ambitious One Belt One Road (OBOR) initiative, a programme to invest billions of dollars in infrastructure projects, including railways, ports and power grids, across Asia, Africa and Europe.

India has 34.6 gigawatts (GW) of solar power, with an aim of having 100 GW of solar energy capacity by 2022. It is also one of the largest interconnected power grid, capable of transferring 99,000 MW of electricity from any corner of the country. It is also connected with BangladeshNepal and Bhutan.

Read EquityPandit’s Nifty Outlook for the Week

Get Daily Prediction & Stocks Tips On Your Mobile