Renewable energy sector in India sees major growth potential: SEforALL
POWER & RENEWABLE ENERGY

Renewable energy sector in India sees major growth potential: SEforALL

According to an international sustainable development agency based in Vienna, there is significant growth potential for the renewable energy sector in India due to the country's increasing energy demand and rapid industrialisation, which requires all available energy resources, including solar and wind. Kanika Chawla, Director and Chief of Staff at 'Sustainable Energy For All' (SEforALL), stated that the Indian government has demonstrated a strong and ongoing commitment to renewable energy.

In an interview with PTI during the Singapore International Energy Week held from October 21-25, Chawla noted that more manufacturing of renewable energy solutions is taking place within India, which enhances energy security and reduces dependence on imports.

She explained that India is implementing policies such as performance-linked incentives to boost manufacturing, which she praised as commendable and beneficial for the economic prosperity of the people through energy access. Chawla also recognized that clean energy solutions are highly job-intensive, with each kilowatt-hour of renewable energy generating three times as many jobs compared to thermal energy.

Chawla mentioned that India is exploring geothermal energy options in regions like Himachal Pradesh, Kashmir, and Ladakh, and highlighted that offshore wind energy exploration is currently underway, with significant potential in states like Gujarat and Tamil Nadu.

She pointed out that India is a price-sensitive market, emphasizing the need to reduce the cost of renewable energy units. She noted that solar prices have dropped significantly over the past decade, making solar energy the most affordable renewable energy source globally. Given the country's strong demand for electricity, she underscored the importance of incorporating wind energy into the national energy mix.

According to an international sustainable development agency based in Vienna, there is significant growth potential for the renewable energy sector in India due to the country's increasing energy demand and rapid industrialisation, which requires all available energy resources, including solar and wind. Kanika Chawla, Director and Chief of Staff at 'Sustainable Energy For All' (SEforALL), stated that the Indian government has demonstrated a strong and ongoing commitment to renewable energy. In an interview with PTI during the Singapore International Energy Week held from October 21-25, Chawla noted that more manufacturing of renewable energy solutions is taking place within India, which enhances energy security and reduces dependence on imports. She explained that India is implementing policies such as performance-linked incentives to boost manufacturing, which she praised as commendable and beneficial for the economic prosperity of the people through energy access. Chawla also recognized that clean energy solutions are highly job-intensive, with each kilowatt-hour of renewable energy generating three times as many jobs compared to thermal energy. Chawla mentioned that India is exploring geothermal energy options in regions like Himachal Pradesh, Kashmir, and Ladakh, and highlighted that offshore wind energy exploration is currently underway, with significant potential in states like Gujarat and Tamil Nadu. She pointed out that India is a price-sensitive market, emphasizing the need to reduce the cost of renewable energy units. She noted that solar prices have dropped significantly over the past decade, making solar energy the most affordable renewable energy source globally. Given the country's strong demand for electricity, she underscored the importance of incorporating wind energy into the national energy mix.

Next Story
Infrastructure Urban

Cabinet Approves Rs 1 Lakh Cr Employment Incentive Scheme

The Union Cabinet has approved the Employment Linked Incentive (ELI) Scheme with an outlay of Rs 99,446 crore to generate over 3.5 crore jobs over two years. The scheme supports both employees and employers, especially in the manufacturing sector.First-time employees earning up to Rs 1 lakh will get up to Rs 15,000 in two instalments. Employers hiring two or more workers will receive incentives up to Rs 3,000 per month for up to four years. The scheme also promotes savings and financial literacy among youth...

Next Story
Infrastructure Transport

Cabinet Clears Rs 1,853 Cr Four-Lane Highway in Tamil Nadu

The Union Cabinet has approved the four-laning of the 46.7 km Paramakudi-Ramanathapuram stretch of NH-87 in Tamil Nadu at a cost of Rs 1,853 crore under the Hybrid Annuity Model. The project will ease traffic congestion and improve connectivity between key towns and economic zones.The highway links five NHs and three SHs, and connects to Madurai airport, Rameshwaram port, and major railway stations. It is expected to generate 18 lakh+ person-days of employment and boost tourism and trade in the region. ..

Next Story
Infrastructure Energy

Minister Inaugurates New Tech, Campaigns at SECL Mines

Union Minister of State Shri Satish Chandra Dubey visited SECL mines, inaugurating a low-height Continuous Miner at Chirimiri’s NCPH mine and a mechanical ventilator at Churcha mine. He praised the use of advanced technology to boost safe underground coal production, targeting 100 million tonnes by 2030.He also planted trees under ‘Ek Ped Maa Ke Naam’, inaugurated bio-toilets for women miners, and honoured workers. In Raipur, he met Chhattisgarh CM to discuss land acquisition for coal projects. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?