Business Day: RENEWABLE energy has the potential to account for 5% of the electricity demand "in the short to medium term," an official of the Energy Development Corporation, a division of the Central Energy Fund (CEF) said yesterday. Electricity shortages have revitalised initiatives to diversify the energy mix — shifting from an over-reliance on coal. In a bid to encourage multiple players in the generation of electricity, the white paper on renewable energy set a 2013 target of …