Abstract
Adopting Renewable Energy (RE) has become a necessity for achieving different development goals, for a fast growing economy and a demographically young country like India. At the same time intense Research and Development (R&D) and business activity in the domestic RE sector has become necessary to ensure the spread, affordability and efficacy of RE according to local needs. In a rapidly connecting and increasingly inter-dependent world, collaborative activities on an international level are important to finance growth, gain technical knowledge and promote cost effective manufacturing in a relatively new sector such as RE. Studying different types of collaborations e.g. manufacturing and R&D etc. while keeping focus on the future of RE in India is therefore important to understand business opportunities. At the same time capturing a larger picture of the situation in RE sector while focusing on the influence of different aspects on foreign collaboration e.g. policy influence on investment or on collaborative R&D is certainly needed to understand the challenges.
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Notes
- 1.
1 unit = 1 kW-h, 1 billion unit = 1 TW-h
- 2.
Hydropower plant with capacity under or equal to 25Â MW is considered in RE Power and is termed as Small Hydro Power. Hydropower plants with more than 25Â MW are considered in conventional power and not included in RE Power in India.
- 3.
The amounts for both of the sectors i.e. Non-Conventional Energy sector and Power sector are mutually exclusive.
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Rajnish Tiwari would like to thank Claussen Simon Foundation for supporting his research at TUHH with a generous grant.
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Bhagwat, A.P., Tiwari, R. (2017). Renewable Energy in India: Policies, Trends and Foreign Direct Investments in Research and Development. In: Herstatt, C., Tiwari, R. (eds) Lead Market India. India Studies in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-46392-6_10
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