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New Delhi, Feb 14: In recent years, India has strived to use more renewable energy sources. But which renewable energy sources are the most popular in India?
As many countries become more conscious of their environmental footprint, India is leading the way when it comes to renewable energy sources.
Our infographic by Live Casino Betway explores the rise of renewable energy in India. Which renewable energy source is becoming the most widely adopted in the country?
Which popular energy sources is providing the bulk of India's renewable energy 2019?
With India being a growing economy, power consumption is only going to rise, so adoption of alternate forms of energy is the ideal way forward to manage balance between economic growth and sustainable environment.
Since, Solar power saw a steady growth in India for about 6 years (2014-2019). The country has realised that it is cheaper to build and operate solar farms than to run existing coal-fired power plants.
Meanwhile, over the last five years the country has seen that Tidal Energy, also known as Tidal Power the most important renewable energy with more than double the amount of interest in this since 2014. Tidal energy is one of the forms of hydropower energy that is generated by the movement of oceanic tides.
It is classified as an alternate energy or better known as the renewable source of energy.
This demand is expected to further increase with the government's focus on improving energy access through schemes such as Pradhan Mantri Sahaj Bijli Har Ghar Yojana, or Saubhagya launched to provide electricity connections to over 40 million families in rural and urban areas.
So, which is the most popular renewable energy with each Indian region?
There has been a considerable increase in the curtailment of solar and wind power by states in the last few months. You can read more about that on the Insider.
India plans to meet its 175 GW target by 2022
India had installed renewable energy capacity of 84 Gigawatt (GW) at the end of November 2019. This includes 37.28 GW from wind energy, 32.52 GW from solar, 9.94 GW from bio-power and 4.65 GW of small hydro plants. India has set itself a target of installing 175 gigawatt (GW) RE capacity by 2022, mainly in the form of 100 GW solar and 60 GW wind. Between 2014 and 2018, the RE sector grew from 2.6 GW to 28 GW -- a cumulative aggregated growth rate of around 18 per cent.
According to ICRA, at present 31.68 GW capacity projects are at various stages of implementation and 18.68 GW capacity projects are under various stages of bidding. The overall capacity addition in the sector is likely to stand between 8.5 GW and 9.0 GW in the current financial year, the same level as the last fiscal. The share of renewable energy in the country's overall power generation rose from 5.6 per cent in 2014-15 to 9.2 per cent in 2018-19.