Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

Renewable Energy Startups and SME

Version 1 : Received: 20 August 2020 / Approved: 22 August 2020 / Online: 22 August 2020 (03:34:55 CEST)

How to cite: Goel, R. Renewable Energy Startups and SME. Preprints 2020, 2020080488 (doi: 10.20944/preprints202008.0488.v1). Goel, R. Renewable Energy Startups and SME. Preprints 2020, 2020080488 (doi: 10.20944/preprints202008.0488.v1).

Abstract

India’s energy needs are in demand with the increase in energy and other electric uses which is highest among the world. There are sectors which heavily rely on energy generated by fossil fuels but there is also seen a paradigm shift towards renewable energy sources. If India continues to rely on the former then they end up blocking development in energy system meeting uncertainties and face difficulties in supply of fossil fuels. To meet the fast-growing economy, India needs to supply the energy 3-4 times more of what they are supplying now. Government of India has become aware of the situation and has started facilitating polices in action towards a sustainable energy. As of 2019, India’s on grid renewable energy capacity is 85.9 GW. Government is working to establish 500 GW of renewable energy source by 2030.

Subject Areas

renewable energy; startups; affordability; current condition; future potential

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