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COUNTRY SPECIAL
2010-2019: the decade of energy transition Renewable energy that was treated as a tax saving measure in 2010 and not as a viable power option, is sending conventional generators back to their white boards.
“...while you are reading this, other future dwellers are frustrated by the offerings that your industry is providing them, and they, too, are involved in subversive activities, in an effort to push your own industry a bit further into a more acceptable future. If only you could find them, then you too would have an edge into the next level of competition.” Debmalya Sen Senior Consultant CES
On reflection one observes that the world today is in fact telling us the same truth, loudly and clearly. If you don’t change the traditional way of doing business, you will no longer remain a leader. The Indian energy sector story is a significant example of this. Let us have a look at the scenario of the Indian power sector. Looking back at the Indian power generation mix of 2010, renewables, which had a 10 percent share then, today stands at 24 percent. By the end of 2020, renewables are expected to cross the 100 GW mark. Shows the trend of different fuel source capacities over the decade. The growth of renewables deserves a special mention here, as it saw rapid capacity increase. Conventional sources, which enjoyed a six percent growth rate YOY at the beginning of the decade, reduced to three percent (the overall increase through the decade being 1.2 percent). A detailed YOY growth trajectory of various fuel sources is well-explained in Figure 3, with the red line showing the overall annual growth along the decade.
― Eric Von Hippel, American economist
Figure 1: The changing pattern of the Indian grid (fuel wise generation) Figure 1: The changing pattern of the Indian grid (fuel wise generation)
| January-February 2020
Figure 2: The growing ratio (fuel wise) Figure 2: The growing ratio (fuel wise)
