Comparative Analysis of Renewable Energy Sources for Power Generation in India

Abstract

Renewable energy deployment in India is driven by a desire to boost the country's economy, increase energy security, broaden people's access to electricity, and slow the rate at which the planet is warming. Use of renewable energy sources and providing universal access to clean, cheap power are essential to achieve long-term sustainability. India is now one of the world's leading renewable energy marketplaces because to the country's supportive government and improving economic climate. Foreign investments are needed to rapidly expand the renewable energy market, thus the government has created regulations, initiatives, and a liberal environment to entice them. Over the next few years, the renewable energy industry is expected to provide a sizable number of new jobs in the United States. The purpose of this paper is to discuss the progress made in India in the field of renewable energy, including recent and future accomplishments, projections, electricity generation, obstacles, investment opportunities, and job openings. As part of this analysis, we have catalogued the many challenges that the renewable energy industry has had to encounter. Policymakers, innovators, project developers, investors, industries, linked stakeholders and departments, researchers, and scientists can all benefit from the advice offered in the review's conclusions.