The World's #1 Renewable Energy Network for News, Information, and Companies.

India's Prime Minister Vows to Double Renewable Energy Capacity

India will seek to double the amount of renewable energy it can generate to 55 GW in the next four years, Prime Minister Manmohan Singh said in his inaugural address.

"It is proposed to double the renewable energy capacity in our country from 25,000 MW in 2012 to 55,000 MW by the year 2017. This would include exploiting non-conventional energy sources such as solar, wind power and energy from biomass," Singh said.

These initiatives were announced as part of the prime minister's presentation of India's 12th Five Year Plan.

Developed countries are the ones best poised to help meet the challenge of climate change, he said, adding that India has set a goal of cutting its energy use by 20 to 25 percent by 2020 by increasing its energy efficiency.

Another measure the prime minister called for is an international research and development center for solar energy. This National Institute of Solar Energy could be operational by 2015, he said. Research into solar thermal and solar photovoltaic would be part of this initiative.

The price of producing solar power was cut in half over the past two years, he said, going on to acknowledge that fossil-fired power generation, such as coal power, is still less expensive. The difference, he said could be made up for with subsidies.

About 87.5 percent of India's electricity is generated from non-renewable sources. Coal constitutes 57 percent of India's installed capacity.

In December 2011, over 300 million Indian citizens had no access to electricity — most of these residents are from rural areas.

This article was originally published on Electric Light & Power and was republished with permission.

RELATED ARTICLES

Rooftop Solar Panels

Hypocrisy? While Buffett Champions Renewables, His Company Fights Rooftop Solar

Mark Chediak, Noah Buhayar and Margaret Newkirk, Bloomberg Warren Buffett highlights how his Berkshire Hathaway Inc. utilities make massive investments in renewable energy. Meanwhile, in Nevada, the company is fighting a plan that would encourage more residents to use green power.
Japan Microgrid

Born from Disaster: Japan Establishes First Microgrid Community

Junko Movellan, Correspondent Although Japan's Fukushima prefecture is most commonly associated with the 2011 disaster due to the nuclear power melt-down, Miyazaki prefecture, located north of Fukushima, suffered from the largest death toll, close to 10...
Renewable Energy Finance

Clean Energy ETFs Are on a Tear

Eric Balchunas, Bloomberg Green investing used to be synonymous with losing money. But while the S&P 500 Index is up 2 percent this year, and the MSCI All-Country World Index is up 5 percent, clean energy ETFs have double-digit re...

Wheels, Towers and Trees: Unconventional Renewable Energy Technologies in the Pipeline

Andrew Williams, International Correspondent A number of companies around the world are developing novel technologies in an effort to grab a slice of the global renewable energy market.  Although many of these technologies are simple incremental improvements to e...

CURRENT MAGAZINE ISSUE

03/01/2015
Volume 18, Issue 3
file

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in Brazil – in partnership with GWEC, the Global Win...

Brazil is one of the most promising markets for wind energy.  Ranke...

EU PVSEC 2015 (European PV Solar Energy Conference and Exhibition)

The EU PVSEC is the largest international Conference for Photovoltaic re...

National Geothermal Summit 2015

The Geothermal Energy Association (GEA) is pleased to be holding its fif...

COMPANY BLOGS

EU PVSEC 2014 extends its Scope

Added focus on application and policy topicsAbstracts for conference con...

EU PVSEC 2014: Call for Papers Receives Great Response

More than 1,500 contributions apply for presentation in AmsterdamScienti...

How GreenLancer Streamlines the Solar Design Process

Post originally appeared on the GreenLancer Blog by Ardelia Lee Cr...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS