IRENA Director-General: Renewable energy can fuel India's economic growth

Delivering the keynote address at the first Renewable Energy Global Investors' Meet & Expo (RE-Invest) in New Delhi on Monday, Adnan Z. Amin, director-general of the International Renewable Energy Agency (IRENA), stressed the importance of renewable energy in sustainably meeting India's growing energy needs. India is the world's third largest economy and the fourth largest energy consumer. By 2030, the country will surpass China as the world's most populous nation, demanding more than twice as much energy as is needed today, according to IRENA. Increasing renewable energy in India was the topic of the day as government officials, investors and energy industry leaders gathered at the RE-Invest conference. "India's increasing demand for energy can no longer be met through traditional energy sources alone," Amin said in his keynote address. "Renewable energy must be a major part of the solution because it can meet the demand cheaply and sustainably while at the same time achieving broader socio-economic objectives." According to IRENA's new report Renewable Power Generation Costs in 2014, the cost of generating power from renewable energy sources ...

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