The Significance of Renewable Power in India

India relies on its fossil fuels for multiple operations. Whether it is the heavy industry, the economy or satisfying the personal use of its citizens, the country has found major support in its vast reserves of coal, petroleum and other natural resources. 

However, with major blows in the environment department and environmental concerns doubling each day, it is no surprise why India has switched to alternative energy sources to ensure sustainability for future generations. The country has always been enthusiastic to optimize the use of resources to its best use. In fact, India was the first country to set up the ministry of non-conventional energy resources in the 1980s.

Renewable Energy Capacity

India’s overall installed energy capacity had been 329.4 GW as of 14 June 2017, out of which the renewable resources accounted for 57.472 GW. While solar constituted 19%, 61% of the renewable power came from the wind. The country’s hydropower (which falls under the Ministry of Power) capacity was 44.41 GW as of 28 February 2017. Both the Ministry of New and Renewable Energy ( MNRE) and Ministry of Power  have set up impressive targets  to make India one of the leading producers of clean energy. By 2030, the government aims at ensuring at least 40% of the energy consumption from renewable power sources. 

Private Endorsements

Besides the government, there are several other companies that are working towards a sustainable future such as Suzlon Energy, KCT Group, Muppandal Wind, etc. There are also many private contractors that have come up to help the government develop water dams and turbines. This is aimed at making India, one of the largest producers of hydropower in the country. The focus on solar power and the development of solar parks is also a great initiative to promote renewable and cleaner energy generation. 

At a Global Level

Clean energy development is crucial to combat climate changes and limit its devastating effects. 2014 had been the warmest year on record. The earth’s temperature has been on a constant rise. Meanwhile, more than 17% of the world population has no access to electricity.  To combat this, one of the main objectives set by the United Nations has been to achieve make electricity available to everyone by 2030. 

Advantages of Cleaner Energies

The utilization of cleaner energies not only acts as an indispensable partner in the fight against climate change but also an inexhaustible way to ensure optimal utilization. It also reduces energy dependence and increases competitiveness. Sustainable energy solutions also uplift the environment and ensure sustainability. 

Comments

Post a Comment

Popular posts from this blog

The Impact of GST on Renewable Energy

The Goods & Services Tax (GST) has been hailed as a clever initiative by most around the country, although, a number of implications are yet to be recognized. While it will diminish the cost of cars, processed food and cement; shopping online, eating out and traveling will take a little more out of your wallet. Moreover, the implementation will encourage the Digital India initiative owing to the policy that enterprises with a turnover exceeding 20 Lakhs will find a mandate to go digital. This will increase the productivity of these enterprises in consequence. While the aforementioned sounds interesting contemporarily, experts forecast that GST will minimally affect the renewable sector. Contrary to prior assumptions, the tax leveed on equipment for solar, wind and nuclear energy will be the lower slab of 5%. The taxation on solar panels is set to rise from zilch to 5% will resulting in a rise in the prices of solar panels. The move will marginally increase the costs in these secto...
Read more

Things To Consider Before Investing In A Commercial Property

Buying a commercial property is not an easy task. Before doing so, one needs to understand the various risks involved and how to tackle them. The idea should be that in a few years of renting or leasing, it must reap a better result. In case the buyer fails to assess each and every risk, it can have a huge impact on business. Mentioned below are a few important factors according to market leaders like the  KCT Group  that should be considered before buying commercial property:  Location  A lucrative location today may not be the same tomorrow. Predicting the future may not be possible but understanding the various businesses and their strategies in the area might be helpful. Further, the distance from the suppliers to consumers should be considered. Connectivity via road, water and rail transport should be available for the business to run successfully.  Budget  While buying any commercial property, a budget is required. It is important to...
Read more

Myths about Wind Power

With the power of saving the environment from apparent decline, comes the responsibility of proving the naysayers wrong. That is exactly what all the sustainable energy alternative companies are thinking. With the depletion of the world’s natural resources like coal and petroleum which were the usual choices for generating energy and powering various essential parts of our lives, the world turned to other resources that could sustain its lifestyle without compromising the environment. While different sources like solar energy, wind energy and hydropower have made up for the shortcomings that the fossil fuels are facing, there are still a lot of myths that make them look undesirable and unreliable. Wind energy especially has been questioned about its infrastructure, noise levels and its overall impact on the environment. Here are a few myths that are prevalent in today’s world. Turbine Noise is a Health Hazard This is untrue as the development in wind farm technology has rendered...
Read more