The Republic of India is a rapidly developing country with a population of approximately of 1.35 billion people. Over 20% of India’s population no access to any electricity. Over 35% of the country’s population has unreliable sources for electricity with frequent power outages.
The government is diligently working to expand and increase the reliability of the country’s power grid. In 2017, India spent approximately US $20 billion on renewable energy. In 2017, the country more than doubled solar photovoltaic (PV) projects compared to 2016.
India’s utility industry is changing rapidly. Investments in new, coal-fueled power plants fell to the lowest level in fifteen years. For the first time in the country’s history, the government spent more money on renewable energy than fossil fuels (coal, oil and natural gas).
In my opinion, India’s investment in renewable energy is very encouraging. The country attempting to bring electricity to the entire country with limited financial resources. In my opinion, India is attempting to make environmentally prudent decisions and elevate the standard of living for the second most populated country in the world.