In the backdrop of burgeoning energy needs, energy security and environmental concerns have emerged as important concerns for increasing number of countries worldwide. As a result, the fact is now well established that the world has no other option but to transform the present energy usage pattern in favour of renewable energy, given the benefits it offers.
India is no exception in this regard. With rapidly rising energy demand on one hand and formidable challenge of providing adequate energy supply in a sustainable manner on the other hand, renewable energy technologies have started getting increased support in terms of favourable regulatory and policy environment. This, coupled with abundant availability of renewable energy sources has labelled India as one of the most attractive destinations for investments across the renewable energy value chain.
Further, government’s intend to increase the physical target of adding 1,405 MW of grid interactive renewable power in the XI Plan to 30,000 MW in the XII Plan is expected to further offer plethora of opportunities for investors in the renewable energy segment. What makes India an even more interesting market is that till date, renewable power development in the country India was mainly dependent on relatively established and mature technologies such as wind, bio power and SHP. However, it is promising to note that other technologies, especially solar power, is fast catching up driven primarily by the government support. As of April 2012, around 6464.5 MW of solar power (including both solar PV and solar thermal) is under various stages of development in the country
Thus, as we step into the XII Plan, SNP Infra Research Solutions is coming out with a comprehensive report titled "Renewable Power in India- Analysing Opportunities & Outlook". This report contains an in-depth analysis of the all the components of the sector. The key highlights of the report are:
