123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Environment >> View Article

Re In India: Roadmap For Sustainable Growth

By Author: Nikhil Mehra
Total Articles: 33

As one of the world’s leading energy consumers, there are few countries that can rival India’s pressing need to embrace renewable resources to drive its economic growth. Blessed with ample sunlight for most parts of the year and a long coastline, the potential for harnessing this sustainable energy resource in India is virtually limitless.

Recognizing this potential, the dedicated Union Ministry of New and Renewable Energy, assisted by a number of state nodal agencies, has been working tirelessly to enhance India’s global position in the proliferation of sustainable resources. Working in close coordination with various NGOs and village development societies, the ministry has ensured the spread of renewable energy programmes to every corner of the country.

The setting up of a separate agency - Indian Renewable Energy   Development Agency   Limited (IREDA) - which provides term loans for various renewable energy projects has been an important milestone in this process.

Today India has become one of the world leaders in terms of its extensive renewable energy projects. Power generation from renewable energy sources has increased significantly as a result of these efforts. India today is a leading player in terms of its total installed wind power capacity and decentralized solar energy projects.

As part of its roadmap for the future, the Ministry of New And Renewable Energy is working to replace subsidy-driven programmes with commercialization of various technologies. Emphasis has been put on increasing the efficiency of renewable technologies. Tax concessions and soft loans have been introduced to encourage such enterprises.

The ministry has also directed the states to create an easy and attractive passage for the purchase of renewable energy technologies. Some states are in the process of providing tax exemptions to promote renewable resources and have announced measures pertaining to allotment of land, garbage supply, sale and purchase of power to encourage setting up of waste to energy plants.
Financial aid is being provided to educational institutes and industries taking up research projects in the area of renewable energy. Encouraged by the government’s multi-pronged initiatives, several global majors are now making a beeline to form joint ventures with domestic RE companies to set up RE-based energy projects here.

Given the increasing focus on renewable energy projects, the RE market in India is expected to grow significantly in the years ahead, putting it in the front row of countries that have adhered to their promise of supporting renewable energy for a better tomorrow.

India’s ongoing thrust on proliferating the use of renewable energy is going to ensure a cleaner, more sustainable tomorrow for each one of us.

Total Views: 102Word Count: 423See All articles From Author

Environment Articles

1. He Asked, “is That Your Newspaper?”
Author: Dr. Jimmie Flores

2. Actiavted Alumina Balls For Water Filtration
Author: Raj

3. Epa Works To Protect All Of America - The Green Ambassador
Author: Cathy Allen

4. How To Make Your Engagement Shoot A Session To Remember Forever?
Author: Brian Kellogg

5. Trendy Non-woven Ecological Pouches
Author: Anupreeta Chatterjee

6. The Green Ambassador- Gardening: A Healthful Medicine For Seniors
Author: Cathy Allen

7. The Green Ambassador Environmental Education - The Earth Needs You To Re-connect
Author: Cathy Allen

8. Anyone With A Passion To Dance Can Join The Swing Dance Classes London
Author: daviyssmith

9. The Green Ambassador Green Realtor - The Greener Side Of Eco Real Estate
Author: Cathy Allen

10. Save Water
Author: Mona tiwari

11. How To Get Tourist Visa For Amsterdam
Author: Travelvisaguru

12. Composting Made Easy
Author: Paras Arora

13. Waste Management And How Composting Machines Are Playing A Key Role
Author: Smart

14. How Can You Protect Your Solar Panels Against Theft?
Author: Melissa McDonald

15. Overview Ofsequential Batch Reactor
Author: boris martin

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: