Renewable Energies
The potential for Renewables in India is huge.
India is one of the world's fastest growing
countries. The world's largest parliamentary democracy with a
population of over a billion people is developing a vast "hunger"
for energy and infrastructure. The demand for Renewable Energy is
growing faster than supply. Here, huge growth markets are opening
up.
Though the country has 300 sunny days a
year, approximately a third of India's population, over 450 million
people, is without electricity.
Currently, "green" electricity comes primarily from wind energy and
hydropower. Due to natural conditions, both solar energy and biomass
plants for decentralized rural electrification have considerable
potential, together with urban energy - "Waste to Energy” from urban
and industrial waste.
There is currently a great need for an
extension of the power supply that simultaneously meets the
economic, social and environmental demands. Experts estimate that
the demand for electricity needs to grow by 10 percent per annum in
order to keep up with the growth of gross domestic product in India.
India has identified the strategic importance
of renewable energy sources at an early stage and has created a
separate ministry for "non-conventional energy” (MNEs). The
government has explicitly fast-tracked the intensive promotion of
research and development, the creation of political frameworks and
simplifications of investments.
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