Abstract: Demand of renewable energy increased greatly just after the first big oil crisis in the late seventies. At that time, economic issues were the most important factors, hence interest in such process decreased when oil price fell. The current resurgence of interest in the use of renewable energy is driven by the need to reduce the high environmental impact of fossil-based energy systems. To combat the climate change caused by fossil fuels the Kyoto protocol and Copenhagen accords were signed. These accords require signatories to greatly reduce emissions which require alternative energy sources such as renewable energy. Solar energy is one of the potential sources of renewable energy that can reduce dependency on fossil fuels. Due to simplicity, availability, reliability and low maintenance photovoltaic (PV) arrays are an ideal option for many countries. In Indian subcontinent receiving lot of sunlight and with a well designed application solar can provide large amounts of power at low cost. The aforementioned reasons, makes solar power a great option for addressing power crisis in India. This paper starts with the introduction of renewable energy and the need felt to switch to renewable energy resource. In addition, renewable energy allows for increased energy access to the Indian people, especially in the rural and remote areas, catering to their basic energy needs. This paper also attempts to analyze the different promotional strategies adopted within a regulatory framework in India.
Keywords: Renewable Potential, Policy support, REC Framework, Recent Initiative.
Title: Renewable Energy in India: Benchmarking and Opportunities
Author: Y.D.Dwivedi, Prof C.K. Dwivedi
International Journal of Interdisciplinary Research and Innovations
ISSN 2348-1218 (print), ISSN 2348-1226 (online)
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