India's Energy Demand and Future Mix
India is projected to experience a significant increase in energy demand, providing opportunities for various electricity sources including nuclear, renewable, and thermal energy, with a strong emphasis on green power by 2047.
Renewable Energy Initiatives
- The government is promoting floating solar projects to overcome land constraints and support decentralized energy generation in multiple states.
- There is also a push for agri-photovoltaic solar units that can be installed on agricultural land without affecting productivity.
Growing Demand Factors
- Increased needs for cooling and electrification of transportation.
- Expansion in data centers contributing to a long-term rise in power demand.
Competitive Advantage of Renewable Energy
India's renewable energy is competitively priced and easily adopted by businesses, according to industry leaders.
Transmission Capacities
- The government is enhancing evacuation infrastructure at the state level through the Green Energy Corridor Scheme.
- The first two phases have already expanded transmission line capacities, with a third phase underway for further enhancements.