Renewable energy is fast gaining focus for its potential to meet India’s growing energy needs. The ambitious target for renewable energy—175GW by 2022— with plans to expand further has spurred the market for renewables. The introduction of enabling policies and implementation plans for wind and solar, both at the national level and across various states, is a welcome development. Still, much more need to be done.
Shakti Sustainable Energy Foundation (Shakti) supports several efforts to mainstream renewable energy, such as wind and solar, in the overall energy mix of the country. Shakti focuses on strengthening policies and regulations that promote renewable energy, developing a flexible electricity grid that is capable of handling high penetration of renewable energy, mobilizing finance for renewable energy projects and assisting state-level agencies to deploy large-scale renewable energy.
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Solar Rooftop has significant potential to contribute to India’s renewable energy targets and energy security. India's target of 40 GW of solar rooftop capacity by 2022 has injected increased ambition into the sector. In the meanwhile, solar photovoltaic (PV) technology has steadily gained wider acceptance with significant global capacity growth...Read more
In 2015, the National Institution for Transforming India or the NITI Aayog, formed an Expert Group to assess the financing support required to meet the target of 175 GW of renewable energy by 2022. Shakti was part of this group, which consisted of two other civil society organizations. The final report prepared by the group has contributed to the...Read more
With the official estimate at 50 GW in 2011, India’s wind potential was viewed as quite limited. However, it was realized that this estimate did not take into account the availability of better technology, more advanced mapping techniques and a higher than previously thought land availability. A quick global comparison underscored this when our...Read more
Renewable energy is characterized by a relatively high initial investment, followed by low variable costs. Since a much greater share of the cost of energy is determined by the initial investment, higher financing costs have a disproportionate impact on renewable energy. This puts renewable energy at a relative disadvantage in India. Access to...Read more
As India's economy continues to grow, power security remains a key concern for sustaining this economic growth. Given the state of the domestic fuel market, the volatility in prices of imported fuels and the concerns about climate change, conventional sources alone may not be enough to offset the growing demand stress. There is a need to stimulate...Read more