Renewable energy has big potential for electricity generation

Ramesh Shivanna, former Chairman, Energy and Renewable Energy (E&RE) Committee, Federation of Karnataka chambers of commerce and Industries (FKCCI) and Founding President of Karnataka Renewable Energy System Manufacturer Association (KRESMA) speaks about the importance of renewable energy in India with Worldofchemicals.com & Waste Management Expo 2020.

What is the Scope of Green Energy/ Renewable Energy in the various sector? Shed some light on the concerns and challenges regarding this in India.

India is a fast growing country and second highest population in the world. The power generation Installed capacity in India is 364 GW, out of this Fossil generation is 79.8 percent and Renewable energy is only 17.3 percent. 

As per the Paris agreement, India has committed for 40 percent of the Energy source to be Renewable energy by 2030. We have scope of about 23 percent to build the capacity in the country. 

The different Renewable energy sources are Wind, Solar, Small hydro, Biomass, waste to energy, the present wind installed capacity is 45 percent, Solar is 36 percent, Biomass is 12 per cent, Small hydro power is 5.7 percent, and waste to energy is only 0.2 percent 

All the renewable energy resources are natural resources and have big potential for electricity generation. Perhaps they have different challenges.

Comparisons of costs per kilowatt-hour of electricity produced show that newly built solar and wind plants are considerably becoming cheaper. In the coming years solar and wind energy will compete more favourably with conventional energy generation.

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