Our research shows that the total power demand in India is about 350 GW at present, while supply is just about 165 GW and this in itself shows the major opportunities present for investment in the sector.
India—the world’s third-biggest greenhouse gas polluter after the United States and China—aims to add 17 GW of renewable energy over five years starting 2012, and a total of 100 GW of power generation capacity by early 2017.
It is also becoming increasingly clear that it’s easier to add renewable assets in India, as opposed to conventional assets. With this prevailing scenario as backdrop AICA Engineering India aims to contribute and mobilise the energy sector by moving it towards renewable energy, particularly Solar PV systems.
India currently depends on coal for more than half the electricity consumed by its 1 billion plus population.
That hydro and wind power in India are already at grid parity—the point when power from a renewable source costs the same as conventional power—makes the market more attractive for solar powered systems.