India is seeing substantial expansion in its energy industry, fueled by a combination of traditional and renewable energy initiatives aimed at satisfying the country’s increasing demand and sustainable development objectives.
The Indian government has been aggressively advocating energy projects to guarantee energy security, mitigate carbon emissions, and cultivate economic growth.
India’s renewable energy sector, namely in solar and wind, has had significant and rapid expansion in the last ten years. The nation has established lofty objectives, which include attaining a renewable energy capacity of 175 GW by 2022 and 450 GW by 2030.
The development of solar electricity has been a significant area of attention, with the successful establishment of large-scale solar parks such as the Pavagada solar park in Karnataka and the Bhadla solar park in Rajasthan.
These initiatives not only generate renewable energy but also facilitate the creation of employment opportunities and promote local economic growth. Wind energy is a key part of India’s renewable energy portfolio.
The government has provided support for wind projects through many schemes and incentives, leading to the development of major wind farms in states such as Tamil Nadu, Gujarat, and Maharashtra.
In addition, India is currently investigating the possibility of offshore wind energy in order to further expand its portfolio of renewable energy sources. Although there is a strong emphasis on renewable energy, traditional energy sources still make up a substantial amount of India’s energy combination.
Coal is a prominent and influential source of energy, with a multitude of coal-fired power stations in operation around the nation. Nevertheless, the government is also prioritising the development of cleaner coal technologies, specifically supercritical and ultra-supercritical technology, to enhance efficiency and minimise emissions. There are multiple projects underway to enhance the gas infrastructure in the country, indicating an important subject on natural gas.
The Pradhan Mantri Urja Ganga project is a commendable endeavour aimed at establishing a comprehensive gas pipeline network throughout Eastern India, thereby improving energy availability and encouraging the adoption of cleaner fuel sources. India’s energy diversification and carbon emissions reduction strategy heavily relies on nuclear energy as an essential aspect.
The nation now possesses multiple functioning nuclear power facilities and intends to considerably expand its nuclear capabilities in the near future.
The spread of nuclear power in India relies heavily on projects such as the Kudankulam Nuclear power plant in Tamil Nadu and the forthcoming Kovvada plant in Andhra Pradesh.
Hydropower continues to be a conventional yet essential piece of India’s energy infrastructure. The government has been actively engaged in augmenting hydroelectric capacity through initiatives such as the Subansiri lower dam and the Teesta low dam projects, which are making important contributions to the country’s energy portfolio.
In addition, there is a renewed emphasis on the development of small hydropower projects to exploit the potential of India’s river systems. India’s energy initiatives are facilitated by robust policy support and investor incentives.
The national solar mission, wind mission, and green energy corridors project aim to facilitate the integration of renewable energy sources and provide stability in the power system. In addition, the government has been actively promoting foreign direct investment (FDI) in the energy sector, which has resulted in the attraction of major international companies and the promotion of technological progress.
India’s energy project development is distinguished by a judicious strategy, incorporating both renewable and conventional energy sources to guarantee a dependable, environmentally-friendly, and cost-effective energy provision.
India is poised to become a prominent worldwide player in energy production and sustainability, thanks to ongoing legislative support, technology advancements, and increased investment.
Academia states that the India energy sector is now complex and has a strong emphasis on generating renewable energy, reducing emissions, and achieving sustainable development goals. India has established ambitious objectives to enhance the generation of renewable energy, with a target of reaching 175 gigawatts by 2022, as outlined in the research conducted by Kiesecker et al. in their publication “Renewable energy and land use in India: a vision to facilitate sustainable development” in 2019.
The transition to renewable energy sources is necessary for the process of decarbonising the energy sector and mitigating CO2 emissions, as shown in the study conducted by Sinha & Shahbaz (“Estimation of environmental kuznets curve for co2 emission: role of renewable energy generation in India” published in Renewable Energy, 2018).
In order to accomplish these objectives, a significant amount of funding is expected to be allocated towards the electricity system. This investment is necessary to accommodate the projected growth in renewable energy capacity, as outlined by Giannelos et al. in their publication “Long-term expansion planning of the transmission network in India under multi-dimensional uncertainty” in Energies (2021).
Policy is of utmost importance in determining the trajectory of India’s energy future. The government has implemented a range of policies aimed at restructuring and reducing regulations in the energy sector. These policies include measures to encourage foreign investment and privatisation, as stated in the research article “Energy scenario in South Asia: analytical assessment and policy implications” by Ul-Haq et al., published in IEEE Access in 2020.
In addition, the government plays an active role in power sector planning through bodies such as the Central Electricity Authority, as described by Das & Srikanth in their publication “Viability of power distribution in India – challenges and way forward” in Energy Policy (2020).
The national electricity policy and pricing policy are formulated in collaboration with state governments to maximise the efficient use of resources and encourage the adoption of renewable energy sources, as discussed by Das & Srikanth.
India’s shift towards a low-carbon economy necessitates tackling obstacles and optimising policy-making processes. The country must assess the consequences of sector-specific policies and take a comprehensive approach to meet its obligations under the Paris Climate Agreement.
This approach, as described by authors Rehman & Hussain in their article “Renewable energy governance in India: challenges and prospects for achieving the 2022 energy goals” published in the Journal of Resources Energy and Development in 2018, and Singh et al. in their article “Evaluating India’s climate targets: the implications of economy-wide and sector-specific policies” published in Climate Change Economics in 2019.
Moreover, IMRAN et al. (2021) argue that entrepreneurship plays a crucial role in the solar energy sector of India, leading with significant advancements in both on-grid and off-grid segments.
The energy composition in India is changing, with a specific emphasis on augmenting the proportion of renewable energy sources such as wind and solar power.
This viewpoint is supported by various authors, including Elavarasan et al. in their publication “A holistic review of the present and future drivers of the renewable energy mix in Maharashtra, State of India” (2020) and Rej & Nag in their publication “Land and clean energy trade-off: estimating India’s future land requirement to fulfil indc commitment” (2021) in the International Journal of Energy Sector Management.
According to Ali et al.’s study “Projected increase in hydropower production in India under climate change” published in Scientific Reports (2018), hydropower is expected to have significant effects on satisfying energy needs and reducing the effects of climate change.
Nevertheless, coal continues to play an essential role in India’s power industry, emphasising the necessity of shifting towards more environmentally friendly technologies, as outlined by Sahu et al. in their publication “The role of coal technology in redefining India’s climate change agents and other pollutants” in Environmental Research Letters, 2017.
India’s energy sector is currently transitioning towards sustainability, with a particular focus on renewable energy, regulatory reforms, and fulfilling international climate obligations. The nation’s energy trajectory relies on efficient strategizing, financial commitment, and the implementation of more environmentally friendly technologies in order to attain a carbon-neutral economy.