A new report from the World Bank’s Energy Sector Management Assistance Program (ESMAP) looks at new approaches to facilitate the scaling up of variable renewable energy, considering options for grid integration using natural gas and storage.
These approaches include strengthening interconnections between areas, diversifying the contribution of different renewable energy sources form various locations and building up complementary generation and demand response technologies.
Utilities and regulators will have to reformulate their business models to accommodate a growing number of clients who are both consumers and distributed generators.
Senior Director of the World Bank’s Energy and Extractives Global Practice, Anita Marangoly George says renewables are “no longer a marginal business”. With the right combination of policies and investments, they would “bring light to thousands of businesses, grow businesses, meet the needs of cities and drive entire economies.”
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