Sectoral Capsule - The Indian Solar Energy Sector:Basking in the Glory

India's economic growth is placing enormous demand on its energy resources. However, there is a pervasive demand-supply imbalance that necessitates serious efforts by the government to augment energy supplies. The country imports about 80 percent of its oil. With the threat of a further increase in oil prices, energy security of the country stands jeopardized. India also runs the risk of lesser thermal capacity being installed. While dependence on imported coal is increasing, its domestic supply is likely to decrease in the coming years because of production and logistic constraints. All these factors have compelled the country to look for alternative sources of energy, such as wind, solar, hydro and biomass. India is currently ranked fifth in the world in renewable-energy based power capacity. Though solar energy is not the main contributor to renewable energy in India, its potential has been estimated at 50,000 MW. Increasing demand for energy, initiatives by the National Solar Mission (NSM) or Jawaharlal Nehru National Solar Mission (JNNSM), various state-level efforts, renewable-energy quotas (including solar energy quotas for utilities) as well as falling international technology costs have improved the market potential for solar energy. This report encompasses an assessment of the solar industry in India, the opportunities and challenges it presents. Industry trends, opportunities, competition, investment and regulatory policies are also studied in the report. For more information kindly visit : http://www.bharatbook.com/alternative-sources-market-research-reports-436603/sectoral-capsule-the-indian-solar-energy-sectorbasking-in-the-glory.html http://www.menafn.com/d03ce576-7b6e-4088-acb9-5a56413ae63c/Sectoral-Capsule-The-Indian-Solar-Energy-SectorBasking-in-the-Glory?src=main