Published on October 16th, 2015 | by Joshua S Hill23
India’s Total Cumulative Electricity Capacity To Reach 600 GW By 2025
October 16th, 2015 by Joshua S Hill
India’s cumulative installed electricity capacity is expected to reach over 600 GW by 2025, according to GlobalData.
According to a new report from energy research and consulting firm GlobalData, India’s cumulative installed electricity capacity will more than double from its previous level of 272.8 GW in 2014 to 609 GW by 2025, representing a Compound Annual Growth Rate (CAGR) of 7.3%.
Of specific interest to readers of CleanTechnica, while GlobalData believes coal-generated thermal power will continue to dominate through the forecast period, India’s renewable and nuclear electricity sectors are both set to record impressive growth through the same period.
Specifically, according to Chiradeep Chatterjee, GlobalData’s Senior Analyst covering Power, India’s renewable installed capacity (excluding hydropower) will more than triple from 2014’s 33.1 GW to an estimated 125.9 GW by the end of 2025.
“India has significant solar power potential, due to its geographical location near the equator, and the country has outlined clear plans for future energy production from this source,” said Chiradeep Chatterjee. “One example of a planned solar power project is the multi-phase Jawaharlal Nehru National Solar Mission. Launched in 2010, it set a target of 20 GW of grid-based solar power by 2022 and 2 GW of off-grid capacity for the same year.”
GlobalData also predicted that India’s nuclear capacity is expected to increase more than sixfold, from 2014’s 5.8 GW to 35.2 GW by 2025.
“India’s nuclear energy development strategy has been divided into three stages due to its limited reserves of uranium, which are already being used in existing reactors,” Chatterjee explained. “The potential for generating power from uranium mined in India has been estimated at 10 GW.
“However, the country has large reserves of thorium, with the result that the transition to breeder reactors that use thorium has been proposed, through this three-stage strategy.”
Across the aisle, GlobalData predicts India’s thermal power capacity to increase from 188.9 GW to 371.6 GW by 2025.
Follow CleanTechnica on Google News.
It will make you happy & help you live in peace for the rest of your life.