India’s solar power to outshine coal

India’s solar power to outshine coal
24/10/2016 , by , in ALLIED

The 2016 BP Energy Outlook report assumes that India will depend increasingly on imports for its energy. Domestic production can be increased, but the increase will be overtaken by growing demand. BP says that by 2035 gas imports to India will rise by 573%, oil imports by 169% and coal by 85%.

Solar benefits

After years of standstill on the subcontinent, India seems to be discovering the benefits of solar energy. So the government has recently updated its National Solar Mission target: now it wants to achieve 175GW of renewable power, which includes 100GW of solar power by 2022.

To meet these goals, India will need to increase the pace of its renewable energy capacity addition sevenfold, from an average 3GW per year to at least 20GW per year. Since 2007, the country has averaged only 15GW of new power capacity each year from all technologies.

The International Energy Authority (IEA) agrees. In a special report on India, the agency says that due to population growth the country will need to provide an extra 600 million people with electricity by 2040.

It believes that 340GW of new wind and solar projects, as well as manufacturing and installation capabilities, can be created by 2040 with strong policy support and declining costs.

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