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Renewable energy beating nuclear power in India

Cheaper renewable energy has soared past nuclear power, Business Standard 18 Mar 16,  Renewable energy in India has overtaken nuclear power as the country seeks carbon-free sources of energy to balance its reliance on coal. Such energy generation in India is higher than its nuclear power generation and is growing at a much faster pace because it is cheaper and quicker to install. The cost of renewable energy is now lower than the cost of nuclear power and does not come with attendant risks, such as this week’s radioactive fuel leak in Gujarat.

Renewable-energy generation in India was 61.8 billion units, versus 36.1 billion units of nuclear-power generation during the financial year (FY) 2014-15. Renewable energy accounted for 5.6 percent of electricity generated in India, against 3.2 percent for nuclear power.

Renewable energy has been growing at a faster pace than nuclear power over two years. During 2013-14 and 2014-15, renewable energy grew at 11.7 percent and 16.2 percent, respectively, while nuclear-power growth has been almost flat over the same period.

If the 2022 solar target is met, it will become India’s second largest energy source. The bulk of India’s renewable energy comes from wind, but solar energy is growing faster with installed capacity reaching 5,775 mega watts (MW) in February 2016. The national solar mission has set a target of 100,000 MW of solar power by 2022. If this target is met, renewable energy will become the second largest source of power for India after coal, and ahead of hydropower, natural gas and nuclear energy…….http://www.business-standard.com/article/news-ians/cheaper-renewable-energy-has-soared-past-nuclear-power-special-to-ians-116031800578_1.html

March 20, 2016 - Posted by Christina Macpherson | India, renewable