Skip to main content

Governance Prev Next India’s First Green Energy Convergence Project: Goa

India’s First Green Energy Convergence Project: Goa (drishtiias.com)

India’s first convergence project to generate green energy for rural and agriculture consumption is set to come up in Goa.

  • Energy Efficiency Services Ltd (EESL), a joint venture of PSUs under the Ministry of Power, and Goa government signed a memorandum of understanding (MoU) for the same.

Key Notes

  • Convergence Project of EESL:
    • Focus: It focuses on energy solutions that lie at the confluence of renewable energy, electric mobility and climate change.
    • Objective: It seeks to connect seemingly independent sectors like Solar Energy, Energy Storage and LED lights to provide solutions, which can enable in decarbonisation and affordable energy access.
    • Mechanism:
      • EESL is offering convergent interventions, which solve multiple gap areas in the energy ecosystem.
      • Solutions such as solarised agriculture feeders, LED street lights in local villages and battery energy storage systems.
      • Leveraging the carbon financing mechanism to rapidly strengthen rural infrastructure in a clean and sustainable manner, and to create a resilient and sustainable rural community in India.
      • EESL’s climate financing interventions currently include Gram UJALA, Decentralised Solar and Gram Panchayat Street Lights programmes.
  • Benefits of the Project:
    • Promote Renewable Energy: It will accelerate the usage of renewable energy sources, especially for agricultural and rural power consumption in the State.
    • Energy Efficient: Contribute to reduction of peak energy demand through deployment of energy efficient pumping and lighting thus contributing to overall sustainability.
    • Improve Health of DISCOMs: Accrue savings of Rs 2,574 crores to the State over the period of 25 years, while improving the health of DISCOMs and providing cleaner power.
    • Check Technical Losses: Provide clean day time electricity to farmers as well as energy efficient pump sets which would reduce the power consumption as well as T&D (Transmission and Distribution Losses) losses associated with transmitting power to agriculture and rural feeder networks.

Energy Efficiency Services Ltd

  • It is a joint venture of National Thermal Power Corporation Limited (NTPC) Limited, Power Finance Corporation, Rural Electrification Corporation and POWERGRID, It was set up under the Ministry of Power to facilitate implementation of energy efficiency projects.
  • EESL is a Super Energy Service Company (ESCO) that seeks to unlock the energy efficiency market in India, estimated at Rs. 74,000 crore that can potentially result in energy savings of up to 20% of current consumption, by way of innovative business and implementation models.
  • It also acts as the resource centre for capacity building of State DISCOMs, financial institutions, etc.

Way Forward

  • In a solar power rich country like India, effective harnessing of this abundant resource can yield handsome returns for all stakeholders and therefore initiatives like Convergence can help India to produce more energy at less cost.
  • Project Convergence is also well aligned and is in consonance with the International Solar Alliance, an initiative of the Indian government.

 

Labels:

Comments

Post a Comment

Popular posts from this blog

4 technologies that are accelerating the green hydrogen revolution

Green Hydrogen through Electrolysis: Fuelling the Future | WRI INDIA (wri-india.org) Anuraag Nallapaneni  and  Krishnaveni Malladi  -  August 25, 2021   This is the second in a series of blogs on hydrogen, which will involve discussions around range of electrolysis technologies currently available at commercial and laboratory levels. Given the rising global consensus towards the transition towards a green hydrogen economy in coming decades, availability of commercially operable electrolysis technologies will act as a backbone of hydrogen deployment across sectors. Maturity of electrolysis technologies would also be critical in facilitating India’s 450 GW RE target, given electrolysis’s ability to manage duck curve challenges through its power to gas (P2G) applicability, further banking on hydrogen’s ability to act as a long-term energy storage medium. Read the first blog  here . Splitting water molecules, or the process of electrolysis, is one of the most p...
Post a Comment
Read more

Platform Opportunities in Green Energy

  Creating platforms in green energy offers significant opportunities across various sectors, driven by the global transition to sustainable energy. Below are some key areas where platforms can be developed: 1. Renewable Energy Trading Platforms Peer-to-Peer (P2P) Energy Trading: Platforms that enable individuals and businesses to trade surplus energy from solar panels or wind turbines directly. Virtual Power Plants (VPPs): Aggregating energy from distributed sources to create a network that functions as a single power plant, balancing supply and demand in real-time. 2. Energy Management and Optimization Smart Grid Platforms: Tools for utilities and consumers to optimize energy use, monitor consumption, and manage loads during peak demand. Energy-as-a-Service (EaaS): Platforms offering subscription models for energy management, including energy efficiency, consumption analytics, and equipment optimization. 3. Carbon Credit and Offset Platforms Carbon Trading Platforms: Facilit...
Post a Comment
Read more

Advantages & Disadvantages of Hydroponics

 https://www.trees.com/gardening-and-landscaping/advantages-disadvantages-of-hydroponics by Amanda Brahlek | Professional Gardener – last update on January 16, 2023 Over the last decade, people’s interest in how their food is produced has increased greatly. More consumers want “safe” food that’s been produced with sustainable, mindful growing practices and is free from pesticide residues. As a result, more consumers are choosing to grow their own food and many are exploring hydroponics for doing so. If you’re thinking of embarking on a hydroponics project, you’ll first need to learn the fundamental concepts of growing plants hydroponically. On this page, you’ll discover the basics of hydroponics as well as the advantages and disadvantages of using a hydroponics system. What Is Hydroponics? Hydroponics is a method of growing plants indoors without using any soil. Instead of pulling mineral nutrients needed for growth from the ground, plants get all of their ...
Post a Comment
Read more