With the Government of India emphasising on green energy, the use of solar power and other renewable energy sources is likely to increase in the coming decades, an industry expert said.
The electricity generation from solar photovoltaic (SPV), is expected to grow at Compounded Average Annual Growth Rate (CAAGR) of 36.4% by 2035, Editor of Platts Power in Asia, leading global provider of information on the Asia electric power industry, Martin Daniel said here quoting a report by the International Energy Agency (IEA).
"Alternative sources of energy would play an important role in power generation in India over the next 15 years, while the production of coal-based power is likely to reduce," Daniel said.
As per the report, which has considered drafting and implementation of new policies for use of renewable energy as a base for computing the power generation by 2035, the share of coal-based power would be 52%, of the total generated power, as compared to its contribution in 2008 which was nearly 69%.
As against this, the share of renewable energy from sources like wind, biomass and waste, gas, nuclear and solar PV would increase to six%, four%, 14%, six% and three%, respectively, by 2035, he said quoting the report.
Of this, the solar PV and biomass based power had an almost zero% share in the total power generation in 2008, while the share of nuclear, gas and wind based energy was two%, 10% and two % respectively, he said.