Investors have been pouring money into wind-solar hybrid projects in the Indian state of Karnataka in recent weeks. PTC India has also launched an oversubscribed tender for 1 GW.
Eight companies have invested more than $9.2 billion in renewable energy in the Indian state of Karnataka in recent weeks. Investments in the wind-solar hybrid energy sector are mainly from companies such as Azure Power, Ayana Renewable Power, and Tata Power Renewable Energy and Leap Green Energy.
"Hybrid energy is the future of renewable energy. Pure wind or pure solar power can no longer fully meet consumers' 24/7 electricity needs," said Pratik Agarwal, managing director of Sterlite Power. "Consumers want environmentally friendly, economical and stable electricity. electricity, and Karnataka is a state with both wind and solar potential. The state also has several optional dam sites for pumped hydro storage, a key component of the 24-hour power supply value chain part."
Separately, India's PTC said it had received several offers for a 3.5 GW hybrid wind and solar power plant, with a total of 14 developers responding to its offers, including Tata Power Renewable Energy and Enel Green.