ANNOUNCEMENTS
Any country’s energy industry is the backbone that propels countries toward a sustainable future, and India is one of the world’s most advanced energy industries. India’s power sector is undergoing a rapid and complicated revolution in terms of production, monitoring, control, and digitization technologies and market structure. There is also a paradigm shift away from traditional fossil fuels and toward renewable energy sources, necessitating a new and inventive approach to manage the power sector in a more reliable and efficient manner, and by using newer technology paths.
Increased use of renewable energy and distributed renewable energy in electricity generation is causing a slew of technical and economic problems in the energy system, including unwanted power quality oscillations, a lack of voltage and frequency regulation, and harmonic loss, all of which have negative consequences for stability of the utilities and economic viability.
It is necessary to improve the management capabilities regarding the aggregation of distributed electricity supply and consumption, which can be accomplished by establishing virtual power plants successfully. The goal of this project is to investigate the concept of a virtual power plant in the context of the Indian power sector by looking at the Indian power ecosystem and its possibilities under high renewable energy integration. This project also emphasizes the importance of bolstering ancillary services and bridging the grid intermittency.
The project's major goal is to investigate the barriers to the deployment of virtual power plants in India, as well as the positive factors and importance of virtual power plant growth in the renewable energy industry. In the Indian context, this project also includes a draft policy and regulatory framework for virtual power plants and related ancillary services.
Keywords: Virtual Power Plant, Ancillary Services, Distributed Renewable Energy, Power Sector, Grid.
