May 7, 2018 Read More →

Germany’s Green Power Transition Holds Lessons for India

Indo-Asian News Service (IANS):

People in Germany’s small towns and rural areas are turning to renewable energy in a process that has special lessons for countries like India. Learning how Germany’s citizen-owned, highly-decentralised energy transition, named Energiewende, is working to decarbonise the economy, could be most useful for India, the third-biggest solar installer after China and the US, and aiming to increase its solar capacity to 100 GW by 2022.

This is a new business model for sustainable growth to limit manmade climate change along with strengthening regional purchasing power, said policymaker Peter Heck. “Energiewende means spending our money in regional business circles rather than sustaining the profit of international oil giants,” Heck, who is the Managing Director with the Institute for Applied Material Flow Management in Trier University of Applied Sciences, told IANS.

Since the energy transition set off in 2000, tens of thousands in the world’s fourth-largest economy have turned into electricity entrepreneurs, investing in solar panels on their houses and buying shares in wind turbines. Engaging people even in small cooperatives has become a mass movement to favour energy transition from fossils to renewable sources despite rising electricity prices, protests against wind parks and the rising renewables surcharge resulting from Germany’s expensive first mover status.

India can replicate this transition but at a fraction of the cost, thanks to massive, ongoing renewable energy deflation. Renewable energy in India is now cheaper than even domestic thermal power, albeit with the added complexities for the grid of variable generation supply, Director of energy finance studies of the US-based Institute for Energy Economics and Financial Analysis Tim Buckley told IANS.

Germany’s green power transition holds lessons for India

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