Sustainable Renewable Energy Development in India Through Ministry of Non- Conventional Energy Sources

Abstract

India has a vast supply of renewable energy resources, and it has one of the largest programs in the world for deploying renewable energy products and systems. Indeed, it is the only country in the world to have an exclusive ministry for renewable energy development, the Ministry of Non-Conventional Energy Sources (MNES). Since its formation, the Ministry has launched one of the world’s largest and most ambitious programs on renewable energy. Based on various promotional efforts put in place by MNES, significant progress is being made in power generation from renewable energy sources. India emerged in 2008 as an aspiring producer of solar PV. Both National and State Governments announced new policies to support solar PV manufacturing in special economic zones, including capital investment subsidies of 20 percent. These policies led to USD 18 billion in new solar PV manufacturing investment plans or proposals by a large number of companies. We know where the non renewable energies – coal, oil and gas – are located and how these fuels are transported, combusted, and the power transmitted throughout the country over the power grid. Now, let’s look at the renewable energies hydro, solar, wind and biomass. According to the Energy Information administration (EIA) the annual average increase will be about 4.0 percent from 2002 to 2025. The projected growth in net electricity consumption for emerging market economies is driven in large part by Gross Domestic Product (GDP) and population growth assumption. It makes sense to the authors that all efforts and investment should consider accelerating these sustainable energy resources before committing to the same fossil fuel path as western nations. The fossil fuel strategy will surely bring price volatility from dwindling supplies and added pollution from carbon combustion. Tapping India's wind, solar, biomass, and hydro could bring high quality jobs from a domestic resource. Renewable energy is the measure of the development of a nation like India extensive development of the renewable energy resources on the Indian subcontinent through MNES booming economic growth, rapid Industrialization and high standard of living of global population demand more and more energy in different forms.