Renewable energy generation in india: Present scenario and future prospects

The development of renewable energy sources (RES) is necessary for the sustainable development of any country due to depleting fossil fuel level, climbing fossil fuel prices across the world and more recently pressure for reduction emission level. In India, several schemes and policies are launched by the government to support the use of RES to achieve energy security and self-sufficiency. This paper discusses the present scenario and future prospects of RES in India. Various schemes such as financial assistance, tax holiday etc for promoting RESs development and utilization are also discussed. The present situation is seen to be very promising and favorable for RES in India.