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Make in india and future of renewable energy
1. A Paper presented at BICON 2015 in with Theme “Impact of 'Make in
India' Efforts on Management of Business” at Biyani Group of
College, Jaipur
By:
Dr Manoj Kumar Bhambu
Associate Professor
GCCBA-Chandigarh
Make in India and
Future of Renewable Energy
2. Make in India and Future of Renewable Energy
India has become the third largest economy of the world on the
basis of purchasing power parity (The World Bank, 2015).
India expected to continue its rapid stride in urbanization and
economic development during the next 3-4 decades.
"China will overtake the US to become the world's largest
economy by 2020, which in turn will be overtaken by India in
2050," according to Wealth Report 2012 by Knight Frank & Citi
Private Bank (Knight Frank Research, 2012).
India needs to beat the growth rate of USA and China by at least
2-3 percentage point consistently to achieve the target to become
the largest economy of the world.
This will require huge efforts on the part of government,
industries and public at large.
3. Table 1: Top 20 Economies of World as on July 2015
Ranking Economy Millions of International Dollars
1 China 18,030,932
2 United States 17,419,000
3 India 7,393,076
4 Japan 4,630,941
5 Russian Federation 3,745,157
6 Germany 3,689,840
7 Brazil 3,263,866
8 Indonesia 2,676,109
9 France 2,571,970
10 United Kingdom 2,524,728
11 Italy 2,131,920
12 Mexico 2,125,257
13 Korea, Rep. 1,732,352
14 Saudi Arabia 1,603,764
15 Canada 1,566,925
Source: http://data.worldbank.org/data-catalog/GDP-PPP-based-table
4. Objectives of the Study
The paper tries to address following objectives the country
need to address for ensuring success of Make in India
programme in Renewable energy sector:
To know the current position and future trend of electricity
production in India and some selected countries of the
world.
To know the present position and future trends of Indian
electricity production mix.
To know the current position and future trend of CO2
emission in India and some selected countries of the world.
To suggest measure for clean and green electricity for
attaining ‘zero defect and zero effect’ in power sector of the
country.
7. What is the Need?
Per Capita use of electricity has increased from 400 KWH in 2001 to 760 KWH in
2012, it is very less in India as it has a vast population base of around 121 billion
people.
Though, CAGR of 6% in per capita use of electricity in India is highest among the
top 15 electricity producing countries only after China with a CAGR of 11%
during the period 2001-12.
Even with a CAGR of 5% in per capita electricity consumption in India will
increase to 4852 Kilowatt-Hours per annum by 2050.
With its expected population base of 165 Crores the total requirement of annual
electricity generation will be about 9160 Billion Kilowatt-hours.
Keeping in view, the present Installed Capacity and total net electricity generation
of 2012, India will need to have installed capacity of 1740 GW in 2050.
This translates into 40 GW of capacity addition per annum throughout this period.
During 2012-2015 total 72GW of capacity addition has been achieved that is a
good sign but efforts have to be increased in the coming years.
Make in India can help achieve this target not only in thermal power sector but
also in renewable energy sector.
8. From Here to There
Fossil
Fuel
70%
Hydro (R
enewabl
e)
15%
Nuclear
2%
Renewab
le
13%
Generation Mix 2015
Total Installed Capacity 275 GW
Fossil Fuel
29%
Hydro
6%
Renewabl
e
63%
Nuclear
2%
Expected Generation Mix 2050
Total Installed Capacity= 1740GW
9. Why Renewables?
Life-Cycle Tonnes CO2 e/GWH by Source of Electricity Generation
Technology Mean Low High
Lignite 1,054 790 1,372
Coal 888 756 1310
Oil 733 547 935
Natural Gas 499 362 891
Solar PV 85 13 731
Biomass 45 10 101
Nuclear 29 2 130
Hydroelectric 26 2 237
Wind 26 6 124
Source: http://www.world-nuclear.org/uploadedFiles/org/WNA/Publications/
Working_Group_Reports/comparison_of_lifecycle.pdf
10. Wind is Blowing!!!
India’s installed capacity at around 13 GW of Wind Power the world’s 5th
largest Wind Energy Producer.
However, India remains far behind China in terms of Wind Energy Growth.
Last Year China installed nearly 13 GW of Wind Energy which is more than
India’s total installed capacity of Wind Energy. (Shah, 2010).
Make in India programme can give chance to Indian companies to match
Chinese companies in volumes. Technologically our companies can do even
better by investing in production of wind mills, bladeless wind mills, rooftop
micro wind mills and offshore floating wind mills to install wind energy in
large scale.
Suzlon Energy is the only Indian company among the top 10 wind energy
companies in the world but Make in India has potential to increase this number
to 3-4 in coming decades.
“The new Berkeley Lab study has found the total techno-economic wind
potential to range from 2,006 GW for 80-meter hub heights (an indication of
how high the wind turbine stands above the ground) to 3,121 GW for 120-
meter hub heights,” an LBL news release states. (Shahan, 2012).
Only 25% of potential realisation gives us an opportunity as big as double the
present total installed capacity.
11. Sun is Shining!!!
India is blessed with good solar insolation throughout the year in most of its
parts. Regions receiving Global insolation of 5KWh/m2 per day and above can
generate at least 77W/m2 (on actual onsite basis) at 16% efficiency level.
Hence, even 0.1% of the land area of the identified solar hotspot (1897.55
Km2) could deliver nearly 146 GW of SPV based electricity (379 Billion units)
considering 2600 hours of sunshine annually. This power capacity would
enhance considerably with improvement in the efficiency of SPV technology
(T.V.Ramachandra, 2011).
Besides rooftop SPV both grid-connected and isolated have potential to
generate 127 GW if only 10m2 SPV is installed on 50% of 330 million houses
in India. Though, it will take time to have social acceptability yet we can save
reduce GHG emission substantially. With such a tremendous scale of SPV
installation the technology will become very cheap as we have no dearth of
silicon in our country that is used in manufacturing of SPV cells.
12. Our Saagar-Manthan!!!
Energy potential of our seas and oceans well exceeds our present
energy needs.
India has long coastline with estuaries and gulfs where tides are
strong enough to move turbine for electric power generation.
A variety of different technologies are currently under
development throughout the world to harness this energy in all its
forms including waves (40000 MW), tides (9000 MW) and thermal
gradients (180000 MW).
Development is currently limited but the sector has potential to
grow.
If 50% of this initial potential can be developed by 2050 it can
contribute to the tune 114500 MW of electricity generation capacity.
13. People are Doing it
Most of the developed economies are shifting from thermal to
renewable electricity.
As Germany, Europe's biggest economy, already gets 25% of its
electricity from renewables, and is aiming for 80% by 2050.
Wind power was Spain's top source of electricity in 2013, ahead
of nuclear, coal & gas. (Murray, 2014).
Full conversion of electricity and heat consumption to renewable
energy by 2035 will take Denmark a crucial step closure to 100%
renewable energy by 2050. (The Danish Government, 2011)
Even, Philippines produce 29% of its electricity with renewables,
targeting 40% by 2020.
14. What is in Store for Us
Even India can target 70% of our energy coming from renewables by
2050.
“India is the Saudi Arabia of renewable energy sources and, if
properly utilized, India can realize its place in the world as a great
power,” and adding “but political will is required for the eventual
shift from fossil fuels to renewable energy.” -Jeremy Rifkin, an
economist and activist, said in New Delhi in January 2012
The U.N. Intergovernmental Panel on Climate Change (IPCC) has
also recommended that the world needs a major shift in investments
from fossil fuels to renewable energy in order to curb greenhouse gas
emissions and climate change. (Goswami, 2014).
Indian companies in the renewable sector should rise to the occasion
like our IT companies and use “Make in India” a catalyst for high
growth not only for themselves but also for the economy as a whole
in general and electricity sector in particular.