ABSTRACT:-

India has a vast supply of renewable energy resources, and it has one of the largest programs in the world for deploying renewable energy products and systems.  Indeed, it is the only country in the world to have an exclusive ministry for renewable energy development, the Ministry of Non-Conventional Energy Sources (MNES). Since its formation, the Ministry has launched one of the world’s largest and most ambitious programs on renewable energy. Based on various promotional efforts put in place by MNES, significant progress is being made in power generation from renewable energy sources.  In October, MNES was renamed the Ministry of New and Renewable Energy. Specifically, 3,700 MW are currently powered by renewable energy sources (3.5 percent of total installed capacity). This is projected to be 10,000 MW from renewable energy by 2012. 

The key drivers for renewable energy are the following: 

o The demand-supply gap, especially as population increases 

o A large untapped potential 

o Concern for the environment 

o The need to strengthen India’s energy security 

o Pressure on high-emission industry sectors from their shareholders 

o A viable solution for rural electrification 

Also, with a commitment to rural electrification, the Ministry of Power has accelerated the Rural Electrification Program with a target of 100,000 villages by 2012. 

Introduction 

In recent years, India has emerged as one of the leading destinations for investors from developed countries. This attraction is partially due to the lower cost of manpower and good quality production.  The expansion of investments has brought benefits of employment, development, and growth in the quality of life, but only to the major cities.  This sector only represents a small portion of the total population. The remaining population still lives in very 

poor conditions. India is now the eleventh largest economy in the world, fourth in terms of purchasing power. It is poised to make tremendous economic strides over the next ten years, with significant development already in the planning stages.  This report gives an overview of the renewable energie market in India.  We look at the current status of renewable markets in India, the energy needs of the country, forecasts of consumption and production, and we assess whether India can power its growth and its society with renewable resources. The Ministry of Power has set an agenda of providing Power to All by 2012.  It seeks to achieve this objective through a comprehensive and holistic approach to power sector development envisaging a six level intervention strategy at the National, State, SEB, Distribution, Feeder and Consumer levels.