From pv magazine India
India’s Ministry of Power has prepared draft guidelines to promote the development of pumped storage projects (PSP) across the country.
India plans to reduce the emission intensity of its gross domestic product by 45% by 2030, to achieve net-zero carbon emissions by 2070.
Given the rising integration of wind and solar power into the grid, PSPs are of paramount importance in providing greater inertia and balancing power to the grid. They can store a large amount of energy and provide frequent starts/stops and faster ramp-ups/ramp-downs.
The Central Electricity Authority’s draft National Electricity Plan (NEP) indicates that 18.8 GW of PSPs and 51.5 GW of battery energy storage systems (BESS) are needed to integrate planned renewables capacity addition up to 2032. The PSP capacity requirement could further increase if the cost of BESS does not come down as expected.
The PSP guidelines cover the allotment of project sites, charges to be paid by developers, the monetization of ancillary services, the use of exhausted mines to develop PSPs, environmental clearances for off-river PSPs, and green finance.
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Source: pv magazine