Renewable energy utilization in India — policies, opportunities and challenges
B Shyam, P. Kanakasabapathy
Abstract
B Shyam, P. Kanakasabapathy
Abstract
India is emerging as a leading renewable energy harvester among developing countries. The utilization of renewable energy is significant in nation's energy security and economic stability. Renewable energy sector is supported by government with financial, institutional and educational aids. Country's renewable energy policy framework and strategies are significant for growth of renewable energy sector. India has very large solar and wind energy potential which is geographically dispersed. There is an increasing need to explore renewable energy sources to meet sustainability and environmental targets. This study is focusing on the historical development and present scenario of renewable energy utilization in India. The paper cover government agencies, policies and foundations of policy frame work, status of renewable energy potential, installed capacity and contribution of renewable sources. Finally the potential challenges of renewable energy integration and status of smart grid development in India is discussed.
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India is emerging as a leading renewable energy harvester among developing countries. The utilization of renewable energy is significant in nation's energy security and economic stability. Renewable energy sector is supported by government with financial, institutional and educational aids. Country's renewable energy policy framework and strategies are significant for growth of renewable energy sector. India has very large solar and wind energy potential which is geographically dispersed. There is an increasing need to explore renewable energy sources to meet sustainability and environmental targets. This study is focusing on the historical development and present scenario of renewable energy utilization in India. The paper cover government agencies, policies and foundations of policy frame work, status of renewable energy potential, installed capacity and contribution of renewable sources. Finally the potential challenges of renewable energy integration and status of smart grid development in India is discussed.
Key concepts: Renewable energy, Renewable energy credit, Feed-in tariff, Energy subsidies, Energy security, Business, Energy engineering, Environmental economics