India has a renewable-energy potential of about 895 GW, of which solar sector itself could generate 750 GW as per the report. Renewable energy now accounts for 12% of India’s total power installed, which is 258 GW.
The Image shows the capacity of rise and fall, sector wise, for the last ten years.
In this regard comes another big news. EDF, a French state-run power major, plans to invest heavily in renewable energy in India, with projects worth $2 billion in the pipeline.
The company is optimistic about the sector, where it notices electricity tariffs falling 30% in five years. India is among those few countries that EDF has chosen for a significant expansion of its global portfolio of renewable energy because the country has a huge demand potential, power scarcity and “fantastic” quality of the wind and solar radiation.
Nuclear Energy and Hydropower Generation:
EDF is also interested in nuclear energy, for which it has initial agreements with Nuclear Power Corp, but regulatory issues are still under discussion. EDF also has an interest in hydropower generation in India and is looking at a few prospects.
Video of EDF Renewable Services Windpower 2016 Unveiling. Have a look at their vision towards renewable energy sector:
Image source: asarat.org, indiaspend.com