Renewable Energy Market Developments

Kar, Sanjay Kumar
October 2015
Renewable Energy Law & Policy Review;2015, Vol. 6 Issue 4, p238
Academic Journal
Renewable energy is considered to be one of the enablers of sustainable and inclusive growth in India. This paper discusses potential renewable sources like solar, wind, biomass and waste-to-energy in the country. It also throws light on renewable market developments, penetration, regulatory and policy progress in India. The article points out the factors driving renewable growth and discusses challenges faced by the Indian renewablesmarket to achieving higher penetration of renewable energy. It concludes that with sustained and progressive renewable policy framing and implementation, by 2022 India can expand its current renewable energy base from 36.5GW to 175GW, and thus achieve a 379% growth.


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