Renewable energy in India has overtaken N-power as the country seeks carbon-free sources of energy to balance its reliance on coal. Such energy generation in India is higher than its nuclear power generation and is growing at a much faster pace because it is cheaper and quicker to install. The cost of renewable energy is now lower than the cost of nuclear power and does not come with attendant risks, such as this week’s radioactive fuel leak in Gujarat. Renewable-energy generation in India was 61.8 billion units, versus 36.1 billion units of nuclear-power generation during the financial year (FY) 2014-15. Renewable energy accounted for 5.6 percent of electricity generated in India, against 3.2 percent for nuclear power.
Renewable energy has been growing at a faster pace than nuclear power over two years. During 2013-14 and 2014-15, renewable energy grew at 11.7 percent and 16.2 percent, respectively, while nuclear-power growth has been almost flat over the same period. If the 2022 solar target is met, it will become India’s second largest energy source.