Feasibility of solar power plant, Business Management

Solar Power Plant:

Nowadays, renewable energy sector is growing rapidly as demand of the renewable energy services are increasing rapidly that refers the growth in this sector. It is found that various reasons are there behind increasing rapid growth of the renewable energy business such as concern over remaining fossil fuel reserves, import dependence and security of supply, concern about environmental pollution, government support, long term sustainaility and financial incentives (Pearce, 2006). These factors work as driver that supports to the rapid growth of the industry in the competitive marketplace. It also attracts to the firms to start and run their business in the industry.

At the same time, it is also argued that requirement of financial incentives or high cost to start business in the industry distracts the firms to enter in the industry. On the other hand, technological advancement also works as initiator that enhances chances of business growth in the renewable energy industry. It is because technological advancement cuts the costs of the firms to produce energy products and services for the customers.  Renewable power needs lot of subsidy and high amount of money to make the business viable in the competitive environment. Still, there is requirement of developing technology to produce energy and provide it at less cost.

In addition, it is also stated in the article "Renewable energy and its impact on the environment" that renewable power has become a commercially viable solution for different countries such as India. It is because renewable power is seen as a green activist agenda that is aimed to address climate changes rather than mainstream, commercially viable solutions (Pearce, 2006). There are various reasons that sustains to the starting business in Indian market in this sector. Priority of this is related with the high cost of fossil fuel that is increasing rapidly. Similarly, coal is imported in India from other countries to meet out the energy demand of the country and to maintain sustainable economic growth (Hester & Harrison, 2003).

Posted Date: 2/11/2013 3:15:11 AM | Location : United States







Related Discussions:- Feasibility of solar power plant, Assignment Help, Ask Question on Feasibility of solar power plant, Get Answer, Expert's Help, Feasibility of solar power plant Discussions

Write discussion on Feasibility of solar power plant
Your posts are moderated
Related Questions
You are a business analyst working for a company called Combined XYZ Pty Ltd. You have been asked to prepare a business report with statistics in it for the managing director. He w

Explain the different delivery styles that speakers can select for their presentation

There is always variation in demand and supply of product. The protection against such unpredictable variations can be done by means of buffer stocks. a. Changes

The dictionary meaning of inventory is stock of goods or a list of goods. The word inventory understood differently by various authors. In accounting language it may

what are the drawbacks in classical and neo classical theories of management

what are the nine core concepts of marketing?

HOW WILL YOU INFLUENCE PEOPLE TO STRIVE WILLINGLY FOR GROUP OBJECTIVES IN YOUR ORGANISATION (TARGET BASED INDUSTRY ) APPLY YOUR INTERPERSONAL INFLUENCE THROUGH COMMUNICATION PROCES

#what is a goverment compony&futures of advantages& disadvantages

Ques.1 Comment on “Quantitative Techniques is a scientific and for enhancing creative and judicious capabilities of a decision maker”, also state the different elements of Decision