Renewable Energy Source (RES)

In a world faced by the crisis of depletion of natural resources every day, demand for the same is only ever increasing with the rise in population in the entire world and, particularly, our nation. Continuous usage of limited natural resources like coal, gas, diesel etc. not only exhausts their supply, but also contributes to the already irreparable problem of pollution and global warming.

This brings into light the only possible solution: use of Renewable Energy Sources. These sources include Small Hydro Power, Biomass Power, Urban & Industrial Waste Power, Solar Energy and Wind Energy. Far from being negligible in comparison to thermal energy sources, the RES has a major contribution in the country’s growing demand for electricity and eradication of the shortcomings which were very apparent even a few years ago.

RES is responsible for 12% of the country’s total energy supply, whereas Hydro Power (also a renewable source) produces another 17%.

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The following is a chart of the leading states in the production of RES:

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It is not surprising to notice that RES sector in India has grown tremendously over the last decade and is still continuing to grow at an astounding rate. The following chart shows the production scale of RES in the last few government plans till February 2014.

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However, investing in this sector requires thorough knowledge and expert guidance. One needs to make wise, well-informed decisions and take pre-meditated steps ahead. Although only some states have thrived in this sector but potential lies in abundance in numerous places, since India is a vast storehouse of possibilities and natural resources.

Data valid till Feb, 2014

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