While Tamil Nadu has India’s largest share of renewable energy mostly due to its 40% share of the installed wind energy in India, Gujarat has rapidly expanded its wind and solar energy portfolio. Its solar subsidy scheme has been massively successful and now the state accounts for almost 60% of the total solar power capacity […]
Renewable Energy is one of the most read about and discussed topics in the world however various misconceptions remain about the advantages and disadvantages of renewable energy.Note Renewable Energy is a a very large topic and encompasses many different alternative energy forms which have their own distinct pros and cons.A Better Way to understand and explain Renewable Energy would be to look at each different forms of Clean Energy like Solar,Wind,Nuclear,Hydro,Tidal,Biomass and Geothermal Energy.Renewable Energy itself compared to Fossil Fuel forms of Non-Renewable Energy has substantial advantages and some disadvantages as well the biggest of which is Cost.Also note Fossil Fuel Energy has got a massive established base,industry and lobby.
The importance of Clean and Renewable Energy is growing driven by the twin factors of increasing fossil fuel prices and Global Warming.Other factors contributing to the importance and growing use of Alternative Energy is national energy security as geopolitical tensions in major oil and gas countries grows by the day.Also renewable sources of energy like solar energy promote the democratization of energy production which is centralized by power utilities today.There are a number of alternative sources of energy such as solar,wind,geothermal,tidal,hydro and nuclear energy.Some people may not consider nuclear and hydro energy to be green but it is a fact that these 2 energy sources do not produce GHG emissions and cannot be classified as fossil fuels sources.Each clean energy source has its own advantages and many of the pros overlap with each other as well.However each Green Energy source has its unique benefits which define and separate it from the other clean sources.While Renewable Energy advantages over Non-Renewable can be easily be understood as
India’s Green Companies are seeing tremendous growth backed by the nation’s massive energy demand increase.The 8% Plus Economic Growth coupled with the already massive electricity deficit which makes brownouts of 8 hours a day normal in many places in the country provides the macro background underpinning the growth.India’s Green Industry is still in a nascent state compared to the massive solar and wind industries in countries like China and Germany.However attracted by the massive potential a number of companies small and large have entered the fray.Most of India’s large energy groups,utilities have already established a small presence or are in process of doing so.While Wind Energy is the largest Renewable Energy Industry in India after HydroElectricity,Geothermal Energy is non-existent without a single large commercial plant.Biomass Energy is quite well developed and Solar Energy is the fastest growing Green Industry.Here is a comprehensive list of the Green Companies in India operating in the different Alternative Energy Sectors.
Geothermal Energy is regarded as a poor cousin to its more glamorous cousins Wind and Solar.Geothermal Energy Capacity has been installed and the growth rate is a pathetic 3-4% compared to the over 50% CAGR seen for solar energy and around 30% for Wind Energy.However Geothermal Energy possesses one attribute that the others do not.Its 24 hour generation capability is a massive plus compared to the intermittent nature of Wind and Solar Energy.However long project development time and large capital investments have deterred fast growth in geothermal energy in the world.However some countries like Iceland,Indonesia,Philippines and USA have a strong geothermal energy industry.Note Geothermal Energy has massive use as a heating source for homes and offices,however this article mainly talks from the view of Electricity Generation.
Interest in India’s Renewable Sector is growing by the day with massive potential in Wind,Solar,Biomass and Nuclear Energy.Renewable Energy in India is going to more than quadruple in capacity over the next decade providing amply growth and profit opportunities.Foreign and domestic makers are already making a beeline to the Indian market to get a first mover advantage.Here are some of the main news in the Green Industry Space in India