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Whether Indian Start Ups Should Enter Solar Market or Not

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AMRITA SCHOOL OF BUSINESS | Thesis On ‘Whether Indian Start-Ups Should Enter The Indian Solar Market Or Not’ | Abstract |

Prajeet Prabhakaran
3/19/2015
|

Abstract
India is one of the fastest growing countries in terms of energy consumption. Currently, it is the fifth largest consumer of energy in the world, and will be the third largest by 2030. The country is heavily dependent on fossil sources of energy for most of its demand. Energy supply is a challenge and is becoming more so every minute. Producing fossil fuels is far from easy and nuclear energy with its irresponsible short- and long-term threats is not the solution either. The fact is that our approach to consuming energy needs to become responsible. It is believed that the geographical location of India allows the country to receive well over 5000 trillion kWh of pure solar energy each year, which is far beyond the annual power consumption of India. With the help of the solar cells and solar panels it is possible to generate electricity in areas where the exposure to sun is comparatively lesser. Since there is a huge opportunity, more and more Indian solar companies are trying to enter the Indian market. Given the deficit power supply in different states of India, solar PV modules are attractive for many Indians because of its high efficiency and cost saving features. Therefore, we want to determine the ways for Indian start-up companies to enter the solar market.
Rising prices of fuels used for the production of power, frequent power cuts have forced many households, commercial spaces, institutions and industries in the state to look into other alternative sources of energy, especially Solar Power. Solar energy offers a clean, eco-friendly, abundant and inexhaustible energy resource when compared to the conventional energy sources. The cost of solar energy is falling down rapidly. Solar Thermal

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