Renewable Energy (RE) is one of themes as we transition to the zero carbon economy and how we enable commercial and industrial players switch to this source will be a key question to ask. RE procurement has moved on from being a corporate goal driven procurement for industries to cost-economics driven decision. How are the RE developers evolving to provide value to this category of consumers? How can Commercial & Industrial (C&I) spaces avail Renewable Energy as a Service? Is the timing right for Energy Storage Solutions (ESS) and Virtual Power Plants (VPP)?
Well, as Siddarth points out in the conversation solar procurement has moved on from being a global Head Quarters driven ESG target procurement to being a financial decision across boards at this point in time. The price decline will cease in a while with more emphasis on consumer value and for the value proposition in energy as a service. Of course amidst all this transition there is a certain amount of off-taker risk involved with the regulators playing their cards from time to time.
Also Energy Storage is moving from being a solution for niche sectors to a mainstream alternative.
The growing interest in Round the Clock power at large scale will also drive C&I players to seek RTC power for their facilities, but, will this be a viable option? Are Virtual Power Plants (VPP) the real answer for companies to go 100% RE? The answers to all this can only be seen in due course of time. But, lets remain optimistic as ever and do our bit.
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