Renewable Energies India to Increase Energy Security with Renewable Energies
India sees great potentials in renewable energies: The country could well boost its renewable generating capacity to 30,000 MW within the next five year plan period, the Indian Ministry of New and Renewable Energy believes...
New Delhi/India – New and renewable energy could gain an increasing significance for India's energy security, the Ministry believes: Energy self-sufficiency had become the major driver for new and renewable energy in the country in the wake of the two oil shocks of the 1970s. The sudden increase in the price of oil, uncertainties associated with its supply and the adverse impact on the balance of payments position led to think for alternate energy.
Renewable Energy Offers Potential for Rural Areas
Renewable energy resources and significant opportunities for energy efficiency exist over wide geographical areas of the country, in contrast to other energy sources, which are concentrated in a limited number of countries. Rapid deployment of renewable energy and energy efficiency, and technological diversification of energy sources, would result in significant energy security and economic benefits.
To develop new and renewable energy technologies, processes, materials, components, sub-systems, products & services at par with international specifications, standards and performance parameters in order to make the country a net foreign exchange earner in the sector and deploy such indigenously developed and/or manufactured products and services in furtherance of the national goal of energy security.
26,267 MW Renewables Installed in India
A total power generation capacity of around 26,267 MW from renewable has been setup in the country as on 31.10.2012. A target of adding about 30,000 MW from various renewable energy sources has been fixed for the 12th Plan period.