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Renewable Energy-Solar Power in India

Dr. Vandana Tyagi
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Dr. Vandana Tyagi: Principal, GDC Memorial College, Bahal, Haryana, India.

Journal of Commerce and Trade, 2014, vol. 9, issue 1, 64-68

Abstract: Renewable energy is basically the energy that comes from natural sources such as wind, sunlight, tides, rain, and geothermal heat. Generally renewable energy projects are used on a large scale, however, this does not mean that renewable energy cannot be used in smaller areas such as villages or more generally rural areas. A clear example can be seen in Kenya, where it is estimated that roughly 30,000 small solar power units with a capacity of 20 to 100 watts are sold every year. This is the largest solar ownership rate in the world for residential communities. Even though energy from renewable energy sources is growing rapidly, with markets such as solar cells, wind and bio-diesel experiencing annual double digit growth, the overall share is only expected to increase marginally over the coming decades as the demand for energy also grows rapidly, particularly in many developing countries. In India, the scientific focus is deliberately moving towards transforming coal into clean energy as well as harnessing hydropower. The recent surge in nuclear energy is also diverting focus from the solar energy enhancement. In all probability, the Indian government will support off-grid solar energy production through a decentralized manner. In spite of this, India needs to focus research on solar energy and cheaper photovoltaic to provide affordable energy to all.

Keywords: Sunlight; Geothermal Heat; Revewable Energy; Solar Power. (search for similar items in EconPapers)
JEL-codes: E59 (search for similar items in EconPapers)
Date: 2014
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Handle: RePEc:jct:journl:v:9:y:2014:i:1:p:64-68