businesses succeed

India steadily Heading Towards a Future of Energy Security Through Renewable Energy

Renewable Energy
image_pdfimage_print

Its the awesome rising demand for renewable energy in the world, renewable resources are increasingly being sought. Karnataka in India shows the world the way forward.


Bengaluru:

Karnataka now has 12,640 MW in cumulative installed capacity of renewable energy. In 2018, it became the number one state in India in enhancing its renewable energy capacity. It is the only state to have added 5265.26 MW of installed solar capacity.

Despite the discouraging tendering activity by the government, the sustainable aspirations from the corporate segment made this feat possible. As per the co-founder of CleanMax Solar, Mr Andrew Hines, and the consistent private demand for renewable energy drove Karnataka to the number one spot.

Also readDutch & Co wins Ghana’s “Best Renewable Energy Company of the Year” award

In early 2018, Karnataka surpassed Denmark and the Netherlands by enhancing its renewable energy capacity with an installed capacity of 12.3 GW. It includes:
– 5 GW of solar energy,
– 4.7 GW of wind energy, and
– nearly 2.6 GW of hydro, biomass, and heat and power co-generation.

Rooftop solar business saw a steady growth. It is almost 10% of the country’s solar volumes and by 2019, it is expected to add nearly10 GW of solar capacity. As the number one developer under the Karnataka solar policy, CleanMax Solar added 270 MWp of utility-scale solar projects, passed the 100 MWp mark early in 2018 and is poised to touch 200 MWp of operational rooftop solar plants in early 2019.

Thus 2018 was the landmark year for the solar sector as endorsed by Mr Sunil Rathi, Director, Waaree Energies. It was an especially defining year for domestic manufacturers who received continued support from the government through the imposition of the safeguard duty. This created a level playing field, for manufacturers to showcase their capabilities, and bring in disruptive R&D.

“With utility scale energy storage solutions being considered the next big step and with the rising economies of scale, we can see India heading towards a future of energy security through renewable energy,” he said.

Related Posts

Average Rating
0 out of 5 stars. 0 votes.