India is projected to witness the fastest energy demand growth among major economies through
2026, making energy security a critical focus. According to the International Energy Agency, renewables are expected to supply nearly half of this increased demand; about onethird will likely be met by a rise in
to these challenges, India is making
domestic manufacturing capabilities for renewable energy components, particularly in the solar sector. A considerable share of India’s solar panels is imported from China, raising concerns regarding supply chain vulnerabilities and dependency. India is implementing initiatives such as the Production Linked Incentive (PLI) scheme to address these issues and strengthen the local production of solar modules, cells, and wafers. The nation aims to establish a more resilient supply chain for its burgeoning renewable energy sector by promoting domestic manufacturing.
Advancements in grid management and storage technologies
This story is from the November 2024 edition of EPR Magazine (Electrical & Power Review).
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This story is from the November 2024 edition of EPR Magazine (Electrical & Power Review).
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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