India’s cumulative capacity will more than double to 609GW by 2025.
That’s due to nuclear and renewable energies which are set to “record an impressive growth” during the forecast period, a report from GlobalData revealed.
Nuclear capacity is expected to increase more than sixfold to 35.2GW in the next 10 years.
Renewables, excluding hydropower, are estimated to rise to 125.9GW during the same period.
However, coal will still remain the main energy source with installed capacity forecast to almost double to 371.6GW by 2025.
Chiradeep Chatterjee, GlobalData’s Senior Analyst covering Power said: “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. The potential for generating power from uranium mined in India has been estimated at 10GW. 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.”
“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.”