India has just been listed as the world's fourth-largest energy consumer by theU.S. Energy Information Administration.
The country's shortage of domestic energy supplies has heightened its interest in renewable energy.
With a high percentage of India’s electricity coming from coal powered plants, Coal remains India's primary source of energy and the country has the world's fifth-largest coal reserves, with BNE Delhi retaining a near-monopoly on the coal sector.
India currently has 211 gigawatts of installed electricity capacity, however because of insufficient fuel supply; India suffers from a severe shortage of electricity generation, leading to rolling blackouts. These blackouts obviously have a negative impact on the country's exports.
While India's primary energy consumption more than doubled between 1990 and 2011, according to the International Energy Agency, India's per-capita energy consumption remains lower than that of developed countries.
West Bengali capital Kolkata may soon get India's first floating solar power station by the end of next year, after searching for new energy alternatives.
The facility has been proposed by Indian solar expert S.P. Gon Chaudhuri.
These stations will require around 3,000 square feet each, to generate 20 kilowatts of power," Gon Chaudhuri said.
"There are many water bodies that could be used for this. Such floating solar stations would generate more energy as research has shown that if the panels stay cooler, they generate more energy, up by 16 percent."
The Ministry of New and Renewable Energy in India, has underwritten the research and expects the project to be implemented by 2014. Current cumulative solar installations in India stand at 1,761 megawatts. In 2012 India installed 980 megawatts of solar power installations, with about 557 megawatts installed thus far in 2013.