Developing hybrid wind and solar power plants in India could cut developers' capital costs by 5-7% compared with building standalone assets, according to ratings company ICRA. "This is owing to the variation in generation from these sources, given the dependence on wind availability and solar radiation, respectively," it said. The Indian government has set a target of generating 20% of its electricity from renewable sources by 2022, but the country is still far behind other countries such as China and Brazil when it comes to installing In May, the Indian government approved a national wind-solar hybrid power policy.
Developing hybrid wind and solar power plants in India could cut developers' capital costs by 5-7% compared with building standalone assets, according to ratings company ICRA. The Indian government has set a target of generating 20% of its electricity from renewable sources by 2022, but the country is still far behind other countries such as China and Brazil when it comes to installing In May, the Indian government approved a national wind-solar hybrid power policy.