India Unveils $109 Billion Transmission Plan for Green Power (Financial Post)
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India’s power ministry unveiled a plan to revamp its power grid to accommodate a large renewable expansion through 2032.
The project, estimated to cost 9.15 trillion rupees ($109 billion), will help integrate 500 gigawatts of renewable power by the end of the decade, a more than two-fold increase from now, the ministry said in a statement on Monday.
Transmission constraints have emerged as a key obstacle for the growth of renewable energy the world over, with a spurt in demand causing delayed deliveries and surging prices of grid equipment.