Research and Markets: Renewable Energy in India: Understanding Key Drivers

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/824cc9/renewable_energy_i) has announced the addition of the "Renewable Energy in India: Understanding Key Drivers" report to their offering.

“Renewable Energy in India: Understanding Key Drivers”

Traditionally India's power sector has been mainly dependent on coal as a fuel for power generation. However with the strong focus globally on alignment of energy needs in line with climate change and the depleting coal reserves, the country has increased its share of renewable energy based sources over the years.

For GDP annual growth of 8%, the Planning Commission estimates that the commercial energy supply would have to increase at the very least by three to four times by 2031-2032 and the electricity generation capacity by five to six times over 2003-2004 levels. In 2031-2032, India will require approximately 1,500-2,300 million tonnes of oil equivalent (MTOE) to cover its total commercial energy needs. The Indian government by itself does not have sufficient financial resources to solve the problem of energy shortages. It must rely on co-operation with the private sector to meet future energy requirements. This opens up interesting market opportunities for international companies.

India currently stands fifth in terms of existing renewable power capacity with China leading the league.

The main reasons which have brought a focus on the growth of renewable energy capacity in the country are given below:

• Deficient Power Situation of India
• Increased focus on Energy Security
• Kyoto Protocol
• Economic Viability
• Rural India Development and Electrification

Key Topics Covered:

1. Overview of Indian Power Industry

• Current Scenario
• Generation
• Transmission
• Distribution
• Reasons for Shortfall
• Conclusion

2. Renewable energy in India

• Overview of Renewable Energy in India
• Stages of Renewable Energy development in India
• Current Status in India

3. Need for RE in India

• Key Growth Drivers for RE in India

4. Challenges to the Development of Indian RE Industry

• Seasonal Challenges
• Low Resource Availability
• Utility Barriers
• Lack of Enforceable Policies
• Pricing Policy
• Lack of Capital
• Transition of RE from Rural to Urban India
• Lack of Local Manufacturing for most Technologies
• Cost Comparison of all technologies for power generation

5. Conclusion

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