Role of Renewable Energy in India's Energy Basket

Abstract

World is witnessing a trend of countries adopting renewable energy sources viz.a.viz. Fossil fuels dominated energy sources. International Energy Agency believes that by 2025 energy produced from Renewable energy sources will most likely surpass electricity generated by coal. India being one of the largest producer and consumer of electricity in the world is already one of the largest producers of energy from renewable sources in the world with 38%+ of India's total installed capacity from renewable energy sources. In this study we analyze and review the role that Renewable Energy is going to play in India's Energy basket. With growing dependence on non-fossil fuels, it's imperative for industry participants, policy makers, governments and researchers to decipher what is the role that is going to be played by energy produced from renewable energy sources in India's energy basket from a strategic as well as policy making perspective.