27 Nov '15, 11am

IEA: India to lead global rise in energy demand to 2040 requiring US$2.8 trillion investment

India will become the world's second biggest solar market after Chinaby 2040, the IEA says. India as a nation is set to contribute more than any other country to the rise in global energy demand over the next 25 years to meet rising incomes and population, however, its energy demand per capita will still be 40% lower than the global average, according to a report from the International Energy Agency (IEA). The 'India Energy Outlook 2015' document said the country’s energy demand has almost doubled since 2000, yet around 240 million people still lack access to electricity. IEA estimates India will require more than US$140 billion investment each year to meet its rising energy needs and improve energy efficiencies. It will also become by far the largest source of growth in worldwide coal and oil demand, which has major implications for world climate issues and India’s solar ...

Full article: http://www.pv-tech.org/news/iea-india-to-lead-global-rise...

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