India has the world's fifth-largest electricity generation capacity, which currently stands at 243 Gw. The power sector in India is highly diverse with varied commercial sources for power generation like coal, natural gas, hydro, oil and nuclear as well as unconventional sources of energy like solar, wind, bio-gas and agriculture. The demand for power has been growing at a rapid rate and overtaken the supply, leading to power shortages in spite of manifold growth in power generation over the years.
According to the India Renewable Energy Status Report 2014, the untapped market potential for overall renewable energy in India is 2,16,918.39 Mw that shows huge growth potential for renewable energy in India. The Ministry of New & Renewable Energy (MNRE), Government of India has set a target of achieving overall renewable energy installed capacity of 41,400 Mw by 2017. This creates an opportunity worth $10.51 billion for the renewable market in India till 2017.
ISTSL offers the following services in the field of renewable energy:
- Resource Assessment
- Feasibility Study
- DPR Preparation
- Performance Assessment