Solar

In India, there is a shortage of installed electric power and the demand supply gap is expected to increase if we continue to generate power using conventional sources only. With about 300 clear and sunny days, India has a huge potential to generate clean solar energy and this study is an attempt to make the use of solar energy more cost effective. Our objective is to build a Trading Model which makes profitable trading decisions by minimizing the overall cost of operation. - K S Swarup

Jawaharlal Nehru National Solar Mission (JNNSM) was launched in January 2010 and target for solar power was put at 20000 MW by 2022. This was uphill task at that time as the cost of solar PV system was Rs 220 per Wp. By 2012 the prices crashed to Rs 50 per MW & same daunting task started looking a modest one. - Prof Dr Ajay Girdharilal Chandak

It is a known fact that India is a rarest of the countries rich with sunlight radiation and offers the best hope to revolutionise solar energy in the world. It receives about 5,000 trillion kWh of radiation annually. For every square kilometre 50 MW of solar power can be commissioned that can yield average annually 42.5 GWh of electricity assuming present PV cell efficiency of 15%. - Jaideep N Malaviya

Estimated cost on development of solar parks may be offered to the solar power developers as viability gap funding or as an incentive. - BN Prabhakar

Radiant visible light and invisible heat from the sun, collectively referred to as solar energy, has been the main source of energy for all living things e.g. humans, animals and plants since ages. Humans need light mainly for visibility. But after sunset, the natural light is not available so the search for artificial lights was done. This led to the discovery of fire and then other fossil fuel for the creation of heat and lights as needed. - P S Shah

India is one of the fastest growing economies in the world like China, South Africa, Russia and Brazil. It is the second largest country in the world as far as population is concerned and fifth largest country in the world after USA, China, Russia and Japan as far as electricity generation is concerned, in spite of that its per capita power consumption is merely 920 units. There is a huge gap in power generation and peak power demand. Renewable energy is one of the most viable solutions as we are facing serious consequences of global warming all around the globe. - Aqeel Ahmad

Today’s power scenario in the world and in India in particular has changed from that of 'Generation, Transmission,Distribution' to 'Generation, Storage, Distribution & Effective usage'. Solar power generation especially at the last milestone has been recognised as the need of the hour and though, India has not woken up to the effective storage and efficient use of power, the world at large is seriously looking at these dimensions. - S V Rao