Year: 2016 | Month: June | Volume 5 | Issue 2
Renewable Resources in India: An Overview
Shakuntla
DOI:10.5958/2321-5771.2016.00018.1
Abstract:
Renewable resources are capable of solving the twin problems of energy supply in a decentralized manner and helping sustaining the clearer environment but it is difficult predict the role of unconventional sources of energy. Renewable energy is becoming an increasingly important part of India’s energy mix. India now has an economy with a dynamic private sector and a burgeoning middle class, however, faces growing challenges to maintain its economic growth. Many of India’s energy players suffer from financial weakness, with limited financial resources and restricted investment ability. India needs considerable investment to build a reliable and adequate energy supply chain. Technical and managerial expertise of Indian energy companies needs to improve. This is particularly relevant in the renewable sector, which is fast expanding and in need of skilled personnel. Although installed capacity remains quite small, it has promising potential for growth. Private investment has been the key driver behind the growth of renewable in India. Renewable energy would play a critical role to solve some of India’s energy problems and to improve the quality of people’s lives. Ambitious policy targets would help build investors’ confidence in the future of India’s renewable sector.
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