Hybrid renewable energy has become the spotlight as an evolving new renewable energy source that can play a vital role in the country’s energy transition. As the nation’s pace of energy transition accelerates at a rapid rate, the domain of renewables transformation is taking hold significantly. To fulfill rapid decarbonization goals, we need to look for more ways to ramp up the existing renewable space. In such a case, hybrid PPAs turn out to be a viable solution.Â
To discover more about hybrid PPAs and how they are changing the landscape of renewable energy sources, continue reading.
Changing the Energy Storage SectorÂ
Lately, hybrid PPAs have become more and more common. An increasing number of companies are using hybrid power purchase agreements (PPAs), which combine electricity from many renewable sources into one system, to address the issues associated with sporadic renewable energy sources. In short, hybrid power plant automation (PPA) uses energy from storage, wind, and solar sources to improve grid stability.
Wind farms and other renewable energy solutions are becoming more and more common due to their increasing popularity. For instance, solar panels are placed widely in a variety of businesses.
As previously said, hybrid PPAs include many renewable energy sources, namely wind and solar. To compensate for the instability of the main energy sources, the majority of them also include storage components like batteries that can store extra energy. Because of this, consumers who depend on renewable energy sources but are unable to sacrifice grid reliability may find hybrid PPA to be a desirable alternative.
The Operation of Hybrid PPA
It’s now easy to reach your RE100 objectives. Many thanks to PPAs. To manage the implementation process from beginning to end, all you need to do is locate a reliable provider of renewable energy. You may sign a long-term, fixed-rate contract that details all the terms and circumstances pertinent to the energy purchase after you have located the energy developer.
A hybrid PPA is distinct from a regular PPA in that it includes electricity produced from a variety of renewable energy sources. You may thus power your buildings with a mix of wind, solar, hydro, and storage energy sources rather than just solar power alone. This is a financially advantageous solution that effectively addresses the intermittent nature of a solitary renewable energy source.
Energy-Storage Devices
The landscape of renewable energy has been completely changed by batteries and energy storage systems. As the name suggests, these storage units are designed to hold excess energy produced during periods of high energy production and release it during periods of low energy caused by weather or other circumstances. Stated differently, surplus electricity from wind farms and solar radiation is collected by battery and energy storage systems, which then store the energy for later use.
In the event that your electrical system isn’t powered by wind or sunshine, you may utilize the stored energy to keep your grid stable. This ensures that, regardless of the weather, time of day, and other variables that may impact the energy generation from your selected renewable sources, there will always be power available throughout your facility.
Why Hybrid PPAs Are Necessary
Locating a dependable energy provider that generates consistent power via a blend of renewable sources makes setting up your hybrid renewable electrical system simple. Utilizing renewable energy sources to their fullest potential while minimizing energy waste is possible with hybrid PPA. These are some typical explanations for why both residential and business units benefit from the hybrid agreement.
- Dependable Energy Source: Integrating PPAs lowers the possibility of unforeseen power outages during your busiest business hours. You may feel secure knowing that your building’s power will always be steady, thanks to these contracts. It assists you in overcoming the difficulties caused by a single renewable energy source’s erratic nature.
- Cost-Efficient: The majority of hybrid power purchase agreements (PPA) provide purchasers the freedom to choose the renewable energy source that best suits their needs, ideally the most economical one. Customizing your Power Purchase Agreement and switching between renewable energy sources may lower the total cost of the agreement compared to standard PPAs. Hybrid PPAs have no up-front costs since your PPA provider will fund the energy generation.
- Diminishes Your Carbon Footprint: Diminishing greenhouse gas emissions is a primary motivation for transitioning to hybrid renewable energy sources. In contrast to conventional energy sources, renewable energy is completely environmentally benign and doesn’t cause any pollution or hazardous gases during manufacturing. Energy from renewable sources is generated, stored, and supplied to buildings via wind farms and solar panels. This aids companies in fulfilling their environmental objectives.
- Energy Independence: Renewable energy empowers consumers by removing their need for conventional energy sources and the unstable markets that see daily fluctuations in electricity costs. You may also save a lot of money on pricey power bills.
Conclusion
To provide reliable electricity for use in businesses and industries, hybrid PPAs have become essential. The correct energy producer partner will enable you to draw power from a variety of sources and maintain a steady supply of electricity throughout your property. The top provider of renewable energy in India, Sunsure Energy provides hybrid PPAs for a consistent supply of electricity. Cooperate with them to lessen your carbon impact and preserve the integrity of your grid.
