A novel Approach towards 100% RE - II — Lesson 4

This lesson covers the cost dynamics of renewable energy, focusing on solar and wind energy. It delves into the financial implications of transitioning from traditional energy sources to renewable ones. The lesson uses the example of a research park to illustrate how the cost of renewable energy can be managed effectively. It discusses the impact of storage on cost, the role of government policies, and the potential for commercial entities to drive renewable energy adoption. The lesson also highlights the need for long-term storage solutions to manage seasonal variations in wind energy production.

Video Highlights

00:18 - Total cost of RE per kWh in India
02:39 - Towards 100% RE at commercial complexes
07:00 - Cost of wheeled RE and Storage
06:53 - Explanation of how energy management works at the research park
08:56 - Potential for renewable energy in commercial buildings and urban housing complexes
09:19 - Financials improve over time with technology and policy initiatives
13:57 - Decentralized storage for a complex
16:10 - Need for long-term storage for wind energy

Key Takeaways

- The cost of renewable energy can be managed effectively with strategic planning and efficient storage solutions.
- Commercial entities can drive the adoption of renewable energy, reducing dependence on government initiatives.
- Long-term storage solutions are needed to manage seasonal variations in wind energy production.
- The cost of renewable energy is expected to decrease over time, making it a viable alternative to traditional energy sources.
- The adoption of renewable energy can lead to significant cost savings and contribute to environmental sustainability.