+
Renewable energy sector in India sees major growth potential: SEforALL
POWER & RENEWABLE ENERGY

Renewable energy sector in India sees major growth potential: SEforALL

According to an international sustainable development agency based in Vienna, there is significant growth potential for the renewable energy sector in India due to the country's increasing energy demand and rapid industrialisation, which requires all available energy resources, including solar and wind. Kanika Chawla, Director and Chief of Staff at 'Sustainable Energy For All' (SEforALL), stated that the Indian government has demonstrated a strong and ongoing commitment to renewable energy.

In an interview with PTI during the Singapore International Energy Week held from October 21-25, Chawla noted that more manufacturing of renewable energy solutions is taking place within India, which enhances energy security and reduces dependence on imports.

She explained that India is implementing policies such as performance-linked incentives to boost manufacturing, which she praised as commendable and beneficial for the economic prosperity of the people through energy access. Chawla also recognized that clean energy solutions are highly job-intensive, with each kilowatt-hour of renewable energy generating three times as many jobs compared to thermal energy.

Chawla mentioned that India is exploring geothermal energy options in regions like Himachal Pradesh, Kashmir, and Ladakh, and highlighted that offshore wind energy exploration is currently underway, with significant potential in states like Gujarat and Tamil Nadu.

She pointed out that India is a price-sensitive market, emphasizing the need to reduce the cost of renewable energy units. She noted that solar prices have dropped significantly over the past decade, making solar energy the most affordable renewable energy source globally. Given the country's strong demand for electricity, she underscored the importance of incorporating wind energy into the national energy mix.

According to an international sustainable development agency based in Vienna, there is significant growth potential for the renewable energy sector in India due to the country's increasing energy demand and rapid industrialisation, which requires all available energy resources, including solar and wind. Kanika Chawla, Director and Chief of Staff at 'Sustainable Energy For All' (SEforALL), stated that the Indian government has demonstrated a strong and ongoing commitment to renewable energy. In an interview with PTI during the Singapore International Energy Week held from October 21-25, Chawla noted that more manufacturing of renewable energy solutions is taking place within India, which enhances energy security and reduces dependence on imports. She explained that India is implementing policies such as performance-linked incentives to boost manufacturing, which she praised as commendable and beneficial for the economic prosperity of the people through energy access. Chawla also recognized that clean energy solutions are highly job-intensive, with each kilowatt-hour of renewable energy generating three times as many jobs compared to thermal energy. Chawla mentioned that India is exploring geothermal energy options in regions like Himachal Pradesh, Kashmir, and Ladakh, and highlighted that offshore wind energy exploration is currently underway, with significant potential in states like Gujarat and Tamil Nadu. She pointed out that India is a price-sensitive market, emphasizing the need to reduce the cost of renewable energy units. She noted that solar prices have dropped significantly over the past decade, making solar energy the most affordable renewable energy source globally. Given the country's strong demand for electricity, she underscored the importance of incorporating wind energy into the national energy mix.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?