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energetica-india-57_asiapowerweek

RENEWABLE ENERGY ENERGETICA INDIA From Energetica India’s Blog Stable; May/June 2016 Energetica India brings forward the work of bloggers and contributors associated with Energetica India. The article collates thoughts/ideas/concepts based on the writers’ industry experience. DR. VASANT KHISTY CONSULTANT, SAMMY CONSULTING Minister of Renewable Energy: All vehicles sold after 2030 could be electric There is a news head line that the minister of renewable energy has a man date to have all vehicles sole would be electric by 2030 in India. So 14 years from now the cars and trucks and other vehicles will not have a engine and most probably CVT gear boxes. So it’s a wakeup call for the forging industry. Engine gone, crankshaft, rocker arm, cam shaft piston connecting rod, engine gears transmission gears propeller shafts all gone. 23% of vehicle weight is contributed by power train. Out which 59-60% is contributed by combustion engine and rest by gear box, Torque converter, and input shaft. Imagining that these vehicles will have rear wheel drive then the propeller shaft and its various forgings are out. 70% 0f Indian forging Industry relies on automotive forgings and huge investments are going into machining of con rods, crankshafts, connecting rods etc. What happens to these investments if in phased manner these parts are no more needed? These capital investments are not needed for aero space, oil and gas or defence as the nature of investment there is different. This is a question for which I don’t have a answer now but I can see a big monster coming on to companies which are not preparing the transition. There needs to be a plan 2030 and electrification should be one of the major considerations of the switch plan �� ABHINAV RAGHAV CEO, TRILIG ENERGY Is this the end of fossil fuel? Fossil fuel is one of the key sources of energy on Earth. But according to the report published by Bloomberg New Energy Finance, the end of fossil fuel is near. Renewable Energy especially wind and solar will rule the world for next few centuries. According to the report, the deteriorating prices of coal and gas will not disrupt the transformation and decarbonisation of the world’s power system. By 2040, the zero emission sources of energy will be accountable for 60 percent of the total energy generation. The report states that, $ 11.4 trillion will be invested in power generation, out of which $7.8 trillion will be capitalised for renewable energy, only $2.1 trillion will be spent on fossil fuels. The stage for renewable energy has been set at Paris Agreement where various governments across the world vowed to end fossil fuel era. Representatives of more than 170 nations have validated Paris Agreement to control carbon emission. The report also forecasts that, the cost of wind energy is estimated to drop by 41 percent and with the progression in technology in solar power; the cost of utility based solar power could drop by 60 percent by the year 2040. By the year 2027, the cost of wind and solar power will get economical as compared to coal and gas. If these predictions come true, then pricing could be the main driving factor for the world to adapt to renewable sources of energy. The report also proposes that, in next 25 years electric vehicles will play a major role in the world transport system. According to Bloomberg New Energy Finance, electric vehicles will make up about 25 percent of the global car fleet and will guzzle around 8 percent of the total energy produced worldwide. Well, if this could be accomplished then, it will be a pretty phenomenal achievement. We would be moving around the world at a minimal cost of transportation and without causing any harm to the environment. Some of the key findings of the report are:- Coal & Gas prices will stay low. • Drastic decline in Wind and Solar power cost. 60 energetica INDIA · MAR16


energetica-india-57_asiapowerweek
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