In one of the most densely populated countries of the world, India energy prognosis and planning is already underway. The country has a regular economic growth of nearly 9 percent every year and a population above the 1.1 billion bar. On the energy side, it is predicted that by year 2050, India will represent 30 percent of total demand for electricity.
Economic growth comes at a cost, sometimes very dreadful to the environment if not properly planned. For instance, if India is to be able to assure a steady GDP growth of around 9 percent per annum up to year 2030, according to a report by Integrated Energy Policy, the actual supply of energy will have increase sixth to seventh-fold.
Energy dependency has been a widespread objective by the government. Its current source of energy is mainly from imported oil where approximately 30 percent is imported. Only around 5 percent of energy is produced from renewable energy although India is nowadays itself the sixth largest consumer of energy on earth.
Major plans set up for the future is already anticipating independency as the country is going self-reliant on alternative sources of energy. In year, 2030 India is forecasting to be able to produce 400 GW of electricity from domestic sources of energy. The sources of energy production will be represented by; solar energy 55 GW, Nuclear 50 GW Hydropower 80 GW, Wind Energy 64 GW and biomass.
Recent initiative taken by the Indian Government since 2007 has been to generate 2GW of energy from wind power, and now almost 10 Gigawatt of energy is produced from renewable sources of energy.
Wind power installation is expected to rise in India, in the near future. Moreover, solar energy which is being used at an increasing scale does only supply 65MW of energy at the moment.
In the field of going green, India is transcending from oil dependency to domestic produced ethanol where it is already the fourth largest supplier in the world. However, this effort is still not bringing visible upshots.
Recent research estimated that 150 GW of electricity can be produced from hydropower and now only 33.9 GW is being exploited. Plan effort to increase supply by 2020, is expected to reap a production capacity of 50GW.
The geothermal capacity in India can hit 10 GW according to geological surveys. Actual technology is practically forgoing the exploitation of geothermal energy sources in the country.
Investments in solar energy are coming from widespread sources such as banks, investors and the state. Ministry of New and Renewable Energy has lately been an active investor in alternative sources of energy. The state have lately, in 2006 put a boost to wind power installation by investing $100 millions.
The rate of investments in renewable energy is at the moment stepping above the roof and reaching new height. Renewable energy will certainly become a pervasive source of energy in India within two decades where unlimited solar energy will likely take the escalator amidst other sources of energy.
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