The 2030 SDG has the main agenda to, 'leave no one behind'. The same applies for energy security. To ensure access to reliable, affordable, sustainable and modern energy for all. There are ways to take a global approach to this issue, i.e facilitating access to it and promoting investment in the infrastructure.
On a global level, 22% of the people have no proper supply of energy, and most of them belong to India's neighbourhood; Sri Lanka, Nepal, Myanmar, Thailand and such. This opens more opportunities for renewable energy firms to grow.
The demand for energy will increase the focus on trans-border energy cooperation, especially electricity sharing. Bangladesh and Sri Lanka plan to grow renewable power capacity by 4 GW by 2030. Nepal aims to multiply the share of renewable power to 15 per cent. Since the local renewable industry in these countries is relatively undeveloped, there is an attractive opportunity for Indian project developers, contractors and equipment suppliers to grow in these countries.
The solar capacity is estimated at 500 MW in Bangladesh and 451 MW in Sri Lanka. Wind market is prevalent in Bangladesh and Sri Lanka, with a capacity of 3 MW and 179 MW respectively. In Sri Lanka, small hydro power constitutes the renewable sector with 41 per cent share. Solar power capacity is only installed in rooftop systems, with a 28 per cent share.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
