In India, renewable energy contributes about 17% of the electricity produced in the country, and the production hit a compound annual growth rate of 19.78% between 2014 and 2018. The overall generation at pan India level has increased to 9.46% in 2020.
The capacity addition in FY20 will be primarily driven by the solar power segment. Renewable energy in India opens up a world of opportunities and has given rise to an ecosystem of production and investment.
Highest scope to improve carbon emissions and improve its image in the world and in reality as a polluting country
Country with one of the highest irradiation and very suitable for solar power
Strong political agenda to reduce its carbon emission intensity - emission per unit of GDP - By 33%-35% from 2005 levels over 15 years
Strong National Targets for Renewable Energies: 100 gigawatt from solar, 60 gigawatt from wind, 10 gigawatt from biomass & 5 gigawatt from small hydropower by 2022
International and domestic commitments of 266 GW of solar, wind, mini hydel and biomass-based power in India over the next decade. Expected investment of $310 billion - $350 billion
One of the highest per capita growth in power consumption. Strong urban area demographic growth. Very high growth rates in electricity consumption in urban areas
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