ZENITH International Journal of Multidisciplinary Research
  • Year: 2019
  • Volume: 9
  • Issue: 3

Renewable energy market in India-an overview, opportuities & the challenges ahead

  • Author:
  • R Perumal1, R Raja Singarayar2
  • Total Page Count: 4
  • Page Number: 166 to 169

1Professor & Research Guide, Alagappa Institute of Management, Alagappa University, Karaikudi, 630 003, Tamil Nadu, dglperumal@gmail.com, Mobile +91 9443077414

2Research Scholar, Alagappa Institute of Management, Alagappa University, Karaikudi, 630 003, Tamil Nadu, raja.svg@gmail.com, Mobile +91 9841912867

Online published on 2 April, 2019.

Abstract

The Indian renewable energy sector has seen significant growth over the last two decades with promotional policies to drive the growth from the Government of India. Renewable energy is nothing but the energy generated from natural resources like sunlight, wind, rain, tides, and geothermal heat which are renewable and can be naturally replenished. This has become the need of the hour considering the climate change effects, pollution, to stop mining and continuous depletion of natural resources and ever increasing demand for power consumption across the globe and the enormous challenges faced by the mankind. India with abundant natural resources and is also geographically well positioned to tap all the natural resources and hence it becomes imperative for the government to frame suitable policies and for the consumers to be aware of the benefits of renewable sources of power that can be tapped easily.

Keywords

Energy Sector, Power Sector, Renewable Energy Markets, Solar Power