How Hybrid Power Plants Are Impacting the Energy Market?
A hybrid power plant (wind+solar) allows the utilization of two complementary energy sources to have maximum energy production. Moreover, it also ensures that the power output is more stable throughout the day and year.
This team works to complement each other- When the sun is shining, solar panels are at work and when there are windy days or nights, wind turbines take the lead.
Let’s note that the renewable energy market in India comprises 29.2%, making India the world’s 7th largest renewable power generator. India targets to add renewable energy capacity to 275 GW by 2027, reducing the emissions intensity of its GDP by 33 – 35% by 2030 from the 2005 level.