CLSA on NTPC, Power Grid, Adani Transmission | Renewable Power Explainer
India launched the world’s largest renewable park with 30GW on 15 Dec 2020. This demonstrates the country is walking-the-talk on its energy transition by innovating the ways and means to decarbonise the economy in-line with the INDC but with affordability in mind. With the launch of this 30GW RE park, India has chosen a desert wasteland for green energy (including hydrogen), which will not only reduce land costs but also take away land acquisition challenges. CLSA sees the Khavda park costing US $20 bn reviving the power Capex cycle in FY23.
The key things to watch are how to make RE more predictable and to deliver power 24x7 apart from growing power demand, which has not grown since FY19 in order to get PPAs for RE capacity: Reuters