The growing Indian market for renewable energy

• India receives solar energy equivalent to more than 5,000 trillion kWh per year, and demand for solar products is growing especially in rural areas.
• 1,800 MW wind energy capacity added in 2008 and steady growth continues. Estimated small Hydro Power (SHP) potential of 15,000 MW of which over 80% is yet to be tapped.
• The Government actively promotes the development of renewable through subsidies, concessional duties and programmes like the National Solar Mission, National Action Plan on Climate Change, etc.
• Customs duty cuts on biodiesel from 7.55 to 2.5% will boost the use of green fuel.
• In the 11th Five Year Plan (2007-2012) Government of India targets 10% contribution of renewable in power generation capacity by 2012.
• The renewable sector attracted investments worth US$ 3.7 billion in 2008, a growth of 17% over the previous year.
  

The above facts and many more such make India a very promising and attractive destination for all those who have any interest in the renewable energy sector.