What is the History of the renewable energy sector in India? What is the impact of Renewable energy on Indian economy?

India is one in all the countries with massive production of energy from renewable sources.
As of the month of November 2020, thirty eighth of India’s put in electricity generation
capability is from renewable sources.

Government of India has additionally set a target for installation of upside star Projects(RTP)
of forty GW by 2022 as well as installation on upside of homes.

89.22 GW is already operational as of September 2020, projects of 48.21 GW are at various
stages of implementation and projects of 25.64 GW capacity are under various stages of
bidding.

India was the first country in the world to set up a ministry of non-conventional energy
resources (Ministry of New and Renewable Energy (MNRE)), in the early 1980s, and its
public sector undertaking the Solar Energy Corporation of India is responsible for the
development of the solar energy industry in India. Hydroelectricity is administered separately
by the Ministry of Power and not included in MNRE targets.

India was the primary country at intervals the world to line up a ministry of non-conventional
energy resources (Ministry of latest and Renewable Energy (MNRE)), at intervals the
primary Eighties, and its public sector undertakings the alternative energy Corporation of
Bharat is on top of things of the event of alternative energy business in land. electricity is run
severally by the Ministry of Power and not embedded in MNRE targets.

India contains a robust producing base in wind generation with twenty manufactures of fifty
three completely different turbine models of international quality up to three MW in size with
exports to Europe, the u. s. and alternative countries. Wind or star PV paired with four-hour
battery storage systems is already cost-competitive, while not grant, as a supply of
dispatchable generation compared with new coal and new gas plants in Bharat.
Renewable energy sources square measure non-conventional energy sources that square
measure the need of the hour. Renewable energy sources contribute tons inside the
reduction of greenhouse gases emission aboard having many socio-economic benefits
compared to carbon-based fossil fuels. Renewable energy sources square measure the
answer to India’s energy demands that square measure growing and square measure
expected to grow exponentially inside the longer term. Through the “Make in India” initiative
of the Indian Government, Renewable Energy can account for vital job creation in urban
areas additionally as rural areas aboard many alternative renewable energy policies that call
solar energy , Wind Energy among alternative renewable energy sources. Renewable
energy is responsible for property jobs resulting in a boon for the youth of Bharat. This paper
highlights the importance of renewable energy, impact of renewable energy on the social
and economic landscape of Bharat and thus the govt initiatives for the promotion and growth
of renewable energy sources inside the country.

The year 1981 Bharat formally began its journey into the globe of Renewable Energy once
The Commission on extra Sources of Energy (CASE) was established to boot the
Department of Non-conventional Energy Sources (DNES) found out in 1982.