Difficulties, Costs and Options of Renewable Energy for Government of India in the Power Sector After 2015

The energy issues plaguing the developing world may be resolved via machines and other supplementary energy sources. India is looking into many renewable energy sources to solve its energy problems, including the Sun, the wind, the ocean, biomass, and fuel cells. To keep up with the rapid growth of...

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Veröffentlicht in:The Management accountant 2022-12, Vol.57 (12), p.75
Hauptverfasser: Garai, CMA Abhijit, Pandey, Dr. Dinesh Kumar
Format: Artikel
Sprache:eng
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Zusammenfassung:The energy issues plaguing the developing world may be resolved via machines and other supplementary energy sources. India is looking into many renewable energy sources to solve its energy problems, including the Sun, the wind, the ocean, biomass, and fuel cells. To keep up with the rapid growth of its economy, the nation would need to increase its energy production by a factor of three to four. One option that might be used is switching to a different energy source. One-third of India's primary energy needs are now met by energy produced from renewable sources. Renewable energy sources like solar and wind have become more popular in India because of the priority accorded by the Government thereby decreasing the country's reliance on fossil fuels, bettering the air quality and guaranteeing the country's continued survival. India has invested heavily in the study, creation of prototypes, field testing, mass manufacture, and deployment of numerous renewable energy-generating technologies during the last two and a half decades. This article examines these developments and the policy strategies that may help to overcome the barriers and increase the usage of renewable energy.
ISSN:0025-1674
0972-3528
DOI:10.33516/maj.v57i12.75-79p