Implementation and Diffusion Modeling of Selected Renewable Energy Technologies in India

Abstract

Energy is the most essential element of socio-economic development and nation’s economic growth. Renewable energy sources can play an immense role to full fill this need of energy. We see the tremendously energy gap increases, for the mitigation of this energy gap we need to some renewable energy like solar and wind energy. Renewable energy is becoming an increasingly important element of India’s national energy mix. The huge potentials of the country in renewable energy are recognized as an additional important energy source which can contribute to the key policy objectives of the energy sector, given the ever increasing prices and the shortages in fossil fuel supplies. By diversifying the energy mix in a climate friendly way and by increasing the energy security at the same time, the main benefits of renewable energy for India become obvious. 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. Renewable energy technologies can help countries meet their policy goals for secure, reliable and affordable energy to expand electricity access and promote development. renewable energy sources, especially solar and wind energy, are likely to play a significant role in providing reliable and sustainable electricity to consumers. In this regard, different policies could be applied to reducing carbon emissions, such as enhancing renewable energy deployment and encouraging technological innovations. Diffusion of Renewable Energy Technologies (RETs) is governed by the status of the technology in terms of efficiency and techno-economical feasibility. The states plans for the deployment of resources for development, with special reference to sustainable environment and the demand and supply energy model help to provide more focus on the long term goals. This paper reviews the renewable energy scenario of India and extrapolates the future developments keeping in view the consumption, production and supply of power and also presents an approach to apply diffusion modeling technique to review policies supporting Renewable energy technology deployment and use diffusion parameters to provide inputs for designing future programmes. The wind and solar power are selected for detailed analysis. The results show how present trends and future forecasts of electricity-generating technologies change the electricity generation in the country.