Undertaken By: ICF International, Recent Publication: 2013
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 renewable energy sources and adopt energy efficiency measures to ensure long term energy as well as power security. This study examines the contribution of renewable energy towards meeting the country’s energy security while eliminating power shortages and meeting the economic growth aspirations till 2031.