India to add 17 GW of renewables by 2017

According to Cleantechnica : India plans to invest $37 billion (26 billion euros) to create 17,000 MW of renewable energy generation by 2017, the ministry for new & renewable energy has said. ”

” The present installed renewable energy capacity in India is 20,000 MW which accounts for 11% of the total installed power capacity. The major share ofpower still comes from coal which accounts for 40% of the country’s energy usage. “

The country is currently the third largest energy consumer, behind China and the United States. However, its per capita consumption is well below Western standards.

The article goes on and brings further interesting details :

The Indian government had quadrupled its renewable energy targets earlier this year as part of its national plan to reduce carbon intensity which aimed at installing 74.4 GW of renewable energy capacity by 2022 and reduction in carbon emissions intensity by 20-25% of 2005 levels over the next decade.

(…) India is already one of the leading wind energy market, with over 14,000 MW installed. India’s leading wind energy company Suzlon is the third largest wind energy technology provider globally and holds almost 10 percent of the total global market share.

Here are some extracts from Wikipedia about the country’s energy policy :

About 70% of India’s energy generation capacity is from fossil fuels, with coal accounting for 40% of India’s total energy consumption followed by crude oil and natural gas at 24% and 6% respectively.

India is largely dependent on fossil fuel imports to meet its energy demands — by 2030, India’s dependence on energy imports is expected to exceed 53% of the country’s total energy consumption.

In 2009-10, the country imported 159.26 million tonnes of crude oil which amount to 80% of its domestic crude oil consumption and 31% of the country’s total imports are oil imports. The growth of electricity generation in India has been hindered by domestic coal shortage and as a consequence, India’s coal imports for electricity generation increased by 18% in 2010.

Due to rapid economic expansion, India has one of the world’s fastest growing energy markets and is expected to be the second-largest contributor to the increase in global energy demand by 2035, accounting for 18% of the rise in global energy consumption.

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