What is a hybrid power purchase agreement?
Hybrid Power Purchase Agreements represent a dynamic shift in the renewable energy landscape, offering a reliable and sustainable solution to the challenges of intermittent energy sources. These agreements enable buyers to benefit from a more stable energy supply while reducing their carbon footprint.
Why is swrel launching a hybrid project in Rajasthan?
The Rajasthan hybrid project, including 69.3 MW of wind infrastructure, not only marks SWREL's entry into the wind EPC sector but also expansion into new supplier categories. This expansion brings in specialised civil and electrical contractors, wind turbine manufacturers and grid connection partners which broaden its procurement scope.
Why is swrel moving into wind EPC?
SWREL's movement into wind EPC reflects the broader shift towards hybrid energy solutions in India, combining solar, wind and storage systems to enhance grid stability as well as generation while reducing intermittency. Hybrid projects are notably favourable in regions with fluctuating resource availability or spatial constraints.
What is the scope of EPC contracts?
The scope of EPC contracts include large-scale procurement of solar modules, wind turbines, substations and related infrastructural necessities. SWREL has also secured L1 for a solar project in Gujarat, India of 200 MC AC/ 260 MWp DC PV plant from a prominent PSU developer.
How does a hybrid PPA work?
Instead of letting this excess energy go to waste, a Hybrid PPA can funnel it into a connected energy storage system, such as a large-scale battery. Then, when the wind calms down or the sun sets, this stored energy can be released, ensuring a constant power supply to the buyer.
Are hybrid PPAs a good investment?
Grid Stabilization: By smoothing out the fluctuations in renewable energy generation, Hybrid PPAs contribute to grid stability, benefiting both the buyer and the broader energy ecosystem. For sellers of Hybrid PPAs, capturing the value of these hybrid assets requires a strategic approach.
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