Renewable energy: The future of Indian power sector

Abstract

India, the world’s fastest-growing economy having population of more than 1.4 billion, will play the vital role in the future of the global energy markets. Sensing the requirement of energy, the Government of India has made impressive progress in recent years in facilitating citizens’ access to electricity and clean cooking. The Govt. of India has also implemented numerous energy market reforms successfully and carried out a huge amount of renewable electricity deployment. Forwarding ahead, the government has laid out an ambitious vision of providing affordable and sustainable energy to all its citizens. This in-depth research is to support the energy utilities with a focus on energy security and energy affordability. Keyword: IREDA (Indian Renewable Energy Development Agency Limited), MNRE (Ministry of New and Renewable Energy), CEA (Central Electricity Authority), TPES (Total Primary Energy Supply), TFC (Total Final Consumption), IEA (International Energy Agency), MW (Mega Watt), GW (Giga Watt).