Significance of Renewable Energy for India

Release Date: 16-Jan-2013

India has vast potential of renewable energy that is yet to be trapped effectively. Today, there exist abundant sites for exploring renewable sources of electricity. Generating power from renewable energy sources for country like India is the best option because there are over 75% of people are still living in rural areas, and are struggling for basic necessities including food shelter, water and electricity.

Wind energy is the most promising source that has the potential to generate 55% of the total renewable energy in India. India has wind potential over 45,000 MW and with installed capacity around 17,363 MW by FY’2012, India is the fifth largest wind market in the world. In recent years, several wind turbine manufacturing companies has establish their presence in India to grab the opportunity of such growing market. With entry of global players India is expected to become manufacturing hub in future. 

Biomass power is the second largest renewable energy sources in India as it accounts for 19% of total renewable installed capacity. Indian biomass has potential to generate over 20,000 MW of renewable energy. Exploiting biomass potential would act as a crucial component in solving overall energy requirement in India. At present, biomass is a vital source of energy for household and industrial energy requirements in India. This is one of the most important energy sources for several small-scale industries and fuel for independent power plants as well as most commonly used domestic fuel.

Other important sources of renewable energy in India are Small Hydro Power, cogeneration bagasse and waste to energy. Solar power is one of the renewable sources which country has not fully exploited yet. Solar energy can play a vital role in solving energy problem in India as most of Indian states are blessed with 300 or more sunny days. Some of the states like Gujarat, Rajasthan have abounded places to install solar panel.  The States which have tremendous potential for energy generation inIndiaare Rajasthan, Uttar Pradesh, Andhra Pradesh, Punjab, Jammu & Kashmir, Tamil Nadu, Gujarat, Karnataka andMaharashtra.

For more information visit: India Renewable Energy Sector Analysis

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