Solar placement and the evolution of India’s solar power capacity have provided a strong foundation for many state levels projects directed by the Jawaharlal Nehru National Solar Mission. The objective is to grow and develop the domestic manufacturing capacity of solar panels and the purchasing of local solar components, to promote projects with relevant offers and subsidies. The debate on solar energy and its domestic and commercial uses is gaining
popularity in public and private forums. Therefore, our studies on the growth of solar energy are more critical and relevant than ever before.
Our review presents a synthesis of the overall literature available on this topic from secondary sources offered online. It outlines the gaps in current research, thereby positioning the thesis and setting the platform for hypothesis generation and research model formulation. The simple, direct relationships between eight independent variables
- government policies (GP),
- the participation of local people (PP),
- social entrepreneurs with integrated energy centres (SE),
- sustainable energy planning (SP),
- an innovative policy framework (IP),
- finance for solar energy (FS),
- climatic conditions (CC) and
- the integration of renewable energy resources (IR)
have been used to determine the impact on the dependent variable, the growth of solar energy in India.
Study empirically indicates that government policy, the participation of local people, climatic conditions and finance for solar energy have a significant influence on the growth of solar energy in India. Social entrepreneurs with integrated energy centres and sustainable energy planning have a negative influence. An innovative policy framework and the integration of renewable energy resources do not influence the growth of solar energy. Study investigated the growth of solar energy in India and evaluated the validity of a proposed model. Contributions to practice have been made by the research findings and discussion, from the perspective of research experience. From a theoretical perspective, we developed a model that reflected the various factors influencing the growth of solar energy in India. The interpretations presented in this study gave rise to several managerial applications and strategic directions that should be considered for the growth of solar energy in India.
- Of all the variables considered for this study, government policy emerged as the most influential for the growth of solar energy, along with the participation of local people. Government policies and research and development are needed to create cheaper PV cells and other solar equipment. Trust in the market promotes the benefits of solar
energy, which was an essential factor in the present study.
- Study indicated that public attitudes toward solar energy require transparency. A consistent approach should be adopted in government policies to increase solar energy investment and emphasise general attitudes, social norms, trust and environmental concerns.
- External and internal factors can influence social entrepreneurship in the solar sector, where innovations need to be introduced to address market imperfections, along with suitable intermediaries for the innovation of the PV solar energy supply chain.
- Sustainable energy planning needs to be oriented in favour of expanding the supply of energy for an enhanced level of growth and development. There is a need to monitor groundwater abstraction and target subsidies and knowledge resources. The study identified the need for research on the impacts, opportunities and limitations of
technology within the WFE nexus.
- Although solar energy is an integral, affordable and clean energy, customer care should be considered, as demand is at the core of challenge-oriented innovation policy.
- The provision of security is a viable mechanism for improving the financing of PV projects. Solar power purchase agreements can significantly reduce project financing costs, meaning there is a need to bridge the cost gap between current conventional energy processes and retail solar energy.
- Climatic conditions play a considerable role in the growth of solar energy supply. The natural variability of the climate and its causes need to be understood before any firm conclusions regarding changes are made. This study confirmed that the stability of solar cells in different climatic conditions is vital and that air quality plays a significant role in climate policy.
- The integration of renewable energy resources is an essential parameter for the growth of solar energy supply in India. This study recommended that electric vehicle interactions with a smart grid is the future of the energy system model; this, along with the power imbalance between supply and demand, is one of the most crucial issues in developing a smart grid.
- The beneficiaries of this thesis include complementary population namely solar energy consultants, energy officials of the government, non-conventional energy suppliers and distributers, entrepreneurs of solar energy, solar energy start-ups, middle and senior executives of solar energy companies, and last but not least the B2B customers and end consumers.