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Advances in Energy Research Volume 3, Number 2, 2015 , pages 097-115 DOI: https://doi.org/10.12989/eri.2015.3.2.097 |
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Progress of renewable energy in India |
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Sanjay Kumar Kar and K. Gopakumar
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| Abstract | ||
| Energy holds key to economic growth and prosperity of India. Currently, India has very high-energy import dependence, especially in the case of crude oil (80%) and natural gas (40%). Even coal import has been increasing over the years. Considering India\'s population growth, emphasis on manufacturing, production, and service industry, energy consumption is bound to increase. More fossil energy consumption means greater dependence on energy import leading to widening trade deficit and current account deficit. Therefore, exploitation of indigenous renewable energy production is necessary. The paper reviews the progress and growth of renewable energy production, distribution, and consumption in India. The paper highlights some of the enablers of renewable energy in India. The authors discuss the opportunities and challenges of increasing share of renewable energy to reduce energy import and address issues of energy security in India. The findings suggest that India is ready for a quantum leap in renewable production by 2022. | ||
| Key Words | ||
| renewable energy; tariff; investment; policy | ||
| Address | ||
| Sanjay Kumar Kar: Department of Management Studies, Rajiv Gandhi Institute of Petroleum Technology, 2nd Floor, Tower C, OIDB Bhawan, NOIDA, 201301, U.P, India K. Gopakumar: D C School of Management and Technology, Vagamon, Kerala, India | ||
