Comparison of Impact & Challenges of Solar Energy Utilisation in India vs Global Turf
DOI:
https://doi.org/10.66635/j2tvx236Keywords:
Solar Power, India, Renewable Energy, Global Comparison, SDG Goal 2030, Sustainability, Energy PolicyAbstract
The global transformation toward renewable energy has positioned solar power as a centre of climate goals, SDG goals 2030 and sustainable development. India, as one of the fastest-growing energy markets, has made significant progress in solar capacity expansion under initiatives such as the National Solar Mission. However, disparities persist when compared with global leaders in terms of efficiency, infrastructure, financing, and policy execution.
This study presents a comparative analysis of the impact and challenges of solar energy utilisation in India vis-à-vis global benchmarks. Using secondary data from authoritative sources such as IEA, IRENA, World Bank, and MNRE, and applying statistical hypothesis testing (t-test, p-value analysis), the study identifies significant differences in adoption, efficiency, and policy effectiveness. The findings reveal that while India excels in cost competitiveness and rapid expansion, structural and operational barriers hinder optimal utilisation.
This study further integrates an entrepreneurial perspective by examining the role of solar startups, MSMEs, and rural enterprises in driving solar energy adoption. The paper highlights emerging business opportunities in decentralized solar models, rooftop installations, and AI-enabled energy optimisation.
From a business standpoint, the study provides insights into investment potential, innovation ecosystems, and scalable solar business models. It contributes practically by offering strategic implications for entrepreneurs, policymakers, and investors seeking to leverage solar energy as a high-growth sector within sustainable development frameworks.
References
1.Eitan, A., Rosen, G., Herman, L., & Fishhendler, I. (2020). Renewable energy entrepreneurs: A conceptual framework. Energies, 13(10), 2554. https://doi.org/10.3390/en13102554
2.Jacobson, M. Z., & Delucchi, M. A. (2011). Providing all global energy with wind, water, and solar power, Part I: Technologies, energy resources, quantities, and areas of infrastructure. Energy Policy, 39(3), 1154–1169. https://doi.org/10.1016/j.enpol.2010.11.040
3.Ellabban, O., Abu-Rub, H., & Blaabjerg, F. (2014). Renewable energy resources: Current status, future prospects and their enabling technology. Renewable and Sustainable Energy Reviews, 39, 748–764. https://doi.org/10.1016/j.rser.2014.07.113
4.Panwar, N. L., Kaushik, S. C., & Kothari, S. (2011). Role of renewable energy sources in environmental protection: A review. Renewable and Sustainable Energy Reviews, 15(3), 1513–1524. https://doi.org/10.1016/j.rser.2010.11.037
5.Zhang, X., Shen, L., & Chan, S. Y. (2012). The driving forces for stakeholders’ participation in sustainable infrastructure projects. Renewable and Sustainable Energy Reviews, 16(5), 3383–3390. https://doi.org/10.1016/j.rser.2012.02.058
