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
How does Costco get its products? Also is there discussed prices for them?

What should Mr. Sharma have done to avoid the misunderstanding?

What is Breakeven Analysis? Breakeven Analysis: It implies that at several point in the operations, total revenue equivalents total cost. This analysis is concerned along

Management skills: Q. A few organizations have recently tried to minimize employee use of email when communicating with colleagues. Specifically, these companies have banned t

a)  Talk about the significance of international trade to UK business organisations b)  Examine the impact of global factors on UK business organisations c)  Detail the impac

I want you to pretend that you are going to interview Bob of Bob's Used Book Store.  In general, Bob needs a database system to replace their current paper trail of keeping track o

QUESTION 1 (i) ‘Networking technologies have drastically changed the way organisations operate'. Distinguish between a Wide Area Network (WAN) and a Local Area Network (LAN) an

A detailed commentary on the chemical and mechanical design of at least one process unit operation. Process design of other units should also be completed along with pipe sizes (ma

5 steps in the process of evaluating the purchasing and suppy

How is the consideration of objectives affected? Consideration of objectives: As the objectives have a significant bearing onto the organization structure, merely those o