Solar and wind power and other renewable electricity resources becoming commercially available in the marketplace It stands with the rank of 4th in wind power, 5th in solar power and 5th in renewable power installed capacity.
Indian renewable energy industry expected to reach 15,820 TWh by 2040. One of India’s major advantages today and going forward is that its RE potential is vast and largely untapped.
India added record 80.45 GW of renewable energy capacity as in June 2019 which includes 29.45 GW from Solar & 36.38 GW from Windpower. Hydropower constituted around half the share of the global total energy capacity, with an installed capacity of 1,172 GW.2
It is expected that India will overachieve its Paris Agreement goals, 40% non-fossil-based power capacity by 2030. As India’s CO2 emissions rose by 4.8% in 2018, largely driven by emissions from coal power plants.
The beauty of the Paris agreement is that everyone is on board, to bring the world’s countries together in the fight against climate change. Under the agreement, every country has an individual plan to tackle its greenhouse gas emissions.
During January-March 2019, the solar sector received an investment of US$ 2.8 billion (1,98,74,68,00,00 Rupees), and the reason is that India has become very attractive for investors.
India is the 4th largest importer of oil and the 15th largest importer of petroleum products and LNG globally. The increased use of indigenous renewable resources is expected to reduce India’s dependence on expensive imported fossil fuels.
Also, the target of the National Solar Mission has been up-scaled to 100 GW from 20 GW of grid-connected solar power by 2022. This is creating a positive environment among investors keen to tap into India’s renewable energy potential.
Eximine Services will help you through the Consolidate import-export data report including the Directory which has consisted of Millions of companies and their contact numbers in it, so you’d be able to find out your potential buyers and suppliers and reach them out whenever you want.
Trade had never been this easy as it is now.
Call us and Give us the code to get a 20% Discount on a 1-year Subscription.
CODE – ES15350P
Eximine Blog’s, Eximine Services offers premium market research import-export data reports, authenticated analysis, and accurate forecast. Covering 40+countries for any product which helps you to get the maximum returns of your time and investment. We help you to analyze your market capacity through our Import Export Data so that you’d be able to utilize your work-frame.