- When the entire world is taking a step for sustainable use of resources and clean energy, India is also readying itself under the leadership of PM Modi to take a big leap by increasing the power output from solar energy by five times, by an estimated increase of 4.5 gigawatts to 100 gigawatts by 2022.
- The discussion in US also consisted of U.S.-India Clean Energy Finance (USICEF) initiative that is expected to grow up to $400 million by 2020.
- Moreover, the total renewable energy forms a meagre 15% of the total energy production has a scope of escalating to a whopping 40% by 2030.
- What’s more fascinating is the fact that with various policy initiatives and growing private investment, the renewable energy sector (solar and wind power) has surpassed the hydro-power production.
- According to experts, India is aiming at adding 175,000 MW of capacity from clean energy sources by 2022 which shall include 60 per cent from solar energy, 30 per cent from wind energy and the rest from biomass and small hydro. (Small hydro-electric projects with capacities up to 25 mw come under the ambit of renewable energy.)
- The government is tripling wind power generation capacity to 60 GW as well.
- Hydro-power has seen a decline as compared to the cleaner energy from 45% in 1960’s to 26% in 2005.
- According to Central Electricity Authority data, the total power generated from renewable energy (42850 MW) overtook that produced from hydro-power (42,783 MW).
- Hydel projects which were regarded as “Temples of modern India” by Pt. Jawaharlal Nehru have now been road-blocked from being constructed because of a variety of reasons like the current power, coal and renewable energy minister’s efforts for improving the renewable energy production, environmental issues, issues from rehabilitation and displacement, submersion, economic viability, lack of state governments’ co-operation, water being a state subject and court’s intervention in various states like Uttarakhand, Sikkim and Arunachal Pradesh which have a scope for hydro-power production.
- Hydro-power has suffered from multiple challenges including non-availability of long-term financing and limited opportunities for the private sector.
– News Item compiled by Pritishree Dash