Abstract
Unconventional energy system are generally characterized by high initial cost & low maintenance cost as compared with relatively low initial cost & high operating cost of conventional system. The comparison of this system is based on monetary outlet of the users ignoring the non – economic factors like social, environmental status value novelty value, freedom from utility grid etc. investing in unconventional energy will reduce long term costs & everlasting source of energy. However looking at its immense potential, if political stimulated it will increase the share of unconventional manifolds in the years to come. The paper highlights the benefits of the solar energy and the policies of the Indian Govt. endorsing the growth and development of renewable energy resources.
Highlights
In the last few decades, use of conventional energy has come under increasing attack for causing environmental pollution such as acid – rain, green house effect
Attention has been focused on alteration of these energy sources for producing electricity in the folk of reducing environmental pollution
The R.E. sector still requires a lot of attention from the financial sector
Summary
In the last few decades, use of conventional energy has come under increasing attack for causing environmental pollution such as acid – rain, green house effect. According to the green jobs report (2008) by world watch institute and UNEP, by 2006, over 2.3 million people were employed in the renewable energy sector worldwide. United states employed more than 85000 workers in the wind power sector during 2008 GWEC’s Global Wind Energy outlook 2008’ report project during 2020 wind power alone would provide between 1.3 to 2.2 million jobs worldwide under moderate and advanced scenarios. M. Solar power India’s share in the overall solar PV market of the world is merely 1.4% (Green jobs 2008), while Japan and Germany are the World leaders, Solar PV industry is still in its infancy and maximum production gets shipped to global markets, the Indian market being limited to few off grid applications, presently more than 2500 persons are employed in the SPV sector for manufacturing of solar cells, modules and system integration, for future development technology development/ demonstration and solar design, engineering operating and maintenance, integration, etc. The problem is that actual participation rates may vary significantly, which will hamper the effective implementation of this scheme
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